Page 21 - Beaumont Basin Watermaster

BEAUMONT BASIN WATERMASTER

MEMORANDUM NO. 18-13

Date: June 6, 2018

From: Joseph Zoba, Treasurer

Subject: Consideration of the Watermaster Budget for Fiscal Year 2018-19

Recommendation: That the Watermaster Committee approve the budget for Fiscal
Year 2018-19 and authorize the preparation of an Independent
Accountant’s Financial Report for Fiscal Year 2017-18.

The Treasurer of the Beaumont Basin Watermaster sends invoices to Watermaster
Committee members when one of the following events occur: (1) the Watermaster
Committee approve a task order; (2) The Watermaster Committee approves a special
project; (3) when a budget is approved to replenish the anticipated administrative funds
for the year; or (4) when the administrative funds have been depleted.

As of April 30, 2018, the Watermaster had an operating fund balance of $259,034.89 in
a designated account at Bank of America.

Based on the typical expenses incurred by the Beaumont Basin Watermaster, the
estimated annual contribution for each member agency will be $0 at this time for routine
administrative expenses. The Watermaster Treasurer will continue the practice of
sending invoices to
Watermaster Committee $400,000
members when specific
task orders are approved $350,000
throughout the fiscal year. $300,000 Annual Revenue
Annual Expense
The following illustration $250,000
provides a summary of the
annual revenues and $200,000
expenses of the Beaumont $150,000
Basin Watermaster since
its formation in 2004. $100,000
$50,000

$0
FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017

Beaumont Basin Watermaster - June 6, 2018 - Page 21 of 27