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GLWMO MINUTES <br />JANUARY 24, 2008 <br />PAGE 2 <br />1. Minnesota Campaign Finance & Public Disclosure Board, Public Official Listing, <br />November 6, 2007. <br />January 24, 2008, the following correspondence was sent <br />1. Juan Quitevis, 450 W. Horseshoe Dr., Shoreview, MN 55126, November 19, 2007. <br />S-2 Financial Report <br />Maloney noted that the current format for the financial report, a municipal accounting <br />format, does not show clearly transactions and an analysis of each fund the Board <br />operates from. <br />Aichinger suggested a single sheet format that would show: <br />1) Original budget <br />2) Established projects <br />3) Current month's expenses <br />4) Year-to-date expenses <br />5) Balance of each fund <br />6) Total balance also reflecting revenue <br />7) Activity in cost-share programs. <br />Maloney stated that the financial report does not split out evenly contract services of city <br />staff. Many watersheds have an accountant and an attorney. When Grass Lake was <br />created in the early 1980s, there was a conscious action on the part of Roseville and <br />Shoreview to make the watershed a transparent layer of government and to leverage <br />existing resources. <br />Mogg stated that the first item listed in the original Joint Powers Agreement regarding <br />Board activities is a statement to save money. He explained that is why he tends to vote <br />against projects that cost money. He would like further discussion about spending money <br />because he does not want to see the structure changed, resulting in higher taxes. He <br />would support the watershed serving cities without having to go to another level of <br />administration. <br />Maloney stated that during the last legislative session data was collected to determine if <br />certain types of watershed districts are viable. One indicator used by the Legislative <br />Auditor in the report was how much money was actually being spent toward improving <br />or protecting water resources. Because GLWMO spends so little, as compared to most <br />watershed districts, there's a real danger in the question being raised. as to why it exists as <br />a joint powers body as opposed to a District with direct taxation authority. <br />