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January 13, 2012 <br />TO: Members of the GLWMO Board of Commissioners <br />FRONT: Tom Petersen <br />Administrator <br />SUBJECT: Decisions we need to make in the near future <br />Overview <br />The Board will need to make policy decisions regarding the following programs at either <br />the January 19`x' meeting or at a Special Meeting sometime shortly thereafter. The <br />decisions we must make must be predicated on: 1.2011 Fund Balance and revenues <br />provided by the cities in 2012, 2. How long the GLWMO is going to be in existence as <br />the responsible local government unit for watershed management, i.e., timing of the <br />dissolution of the GLWMO if this is determined to be the most appropriate course of <br />action; 3. Additional cost, if any, to finish a 3Td Generation Watershed Management Plan <br />(that meets the Board's, cities, and stakeholders approval and extends for a 10 year period <br />of time). <br />Financials <br />The predicted Fund Balance when the 2011 financial books are closed will be <br />approximately $79,833. <br />See attached revised 2012 Budget <br />Each city will be invoiced for $36,863.00 for a sum of $73,726.00 <br />Decisions <br />Finish 3rd Generation Plan (Highest Priority) <br />I recommend we finish the 3rd Generation Watershed Management Plan as a 10 <br />year Plan including the necessary CIP implementation Plan and all other required <br />plan content. Note: 1. the original agreement with FOR was for a 10 year Plan, <br />Additional funding may be necessary to finish the Plan and this variable will <br />dictate available funding for other activities during the year. <br />i Establish a revised budget for 2012 and present to the cities. <br />• Cost -share Program for 2012 <br />