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GRASS LAKE WATER MANAGEMENT ORGANIZATION <br />AGENDA ITEM <br />Date: 10/27/05 Prepared by; Mark Maloney Item: D-1 <br />Other Business <br />Item Description: Review Proposed 2006 Budget <br />Annually, the GLWMO Board reviews and approves a budget for the upcoming year. With the update of <br />the Management Plan in 2001; the budget was reorganized to reflect intended the current activities, work <br />program and primary responsibilities. The emphasis of the 2001 Plan was to identify WMO tasks and <br />responsibilities predominantly in the areas of water quality monitoring and analysis, oversight of <br />Municipal storm water management functions, and education and outreach through the media and <br />Internet. The budget, therefore, is no longer separated into :administrative and capital outlay areas, and <br />follows the basic format of Table 6.1 from the 2001 Plan. <br />The 2005 year-end estimated. fund balance for GLWMO, as reported by the City of Roseville (Treasurer) <br />and allowing for unbilled RWMWD and City services is approximately $150,000. This fund balance: has <br />increased over time due to contributions from the member cities and investment earnings.. The 2006 <br />GLWMO estimated budget is $20,000; the fund balance is more than adequate to fund the planned <br />activities and no additional municipal contributions are necessary at this time. <br />RECOMMENDED BOARD ACTION: <br />The Board. should consider this .proposed budget with any necessary modifications/additions. If necessary, <br />final action on the proposed 2006. GLWMO Budget could. be taken at the next regularly-scheduled <br />meeting, January 26, 2006. <br />