VLAWMO Annual Financial Report 2018

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VADNAIS LAKE AREA WATER MANAGEMENT ORGANIZATION MANAGEMENT'S DISCUSSION AND ANALYSIS DECEMBER 31, 2018 As management of the Vadnais Lake Area Water Management Organization (the Organization), Vadnais Heights, Minnesota, we offer readers of the Organization's financial statements this narrative overview and analysis of the financial activities of the Organization for the fiscal year ended December 31, 2018. We encourage readers to consider the information presented here in conjunction with the financial statements, which follow this section. Financial Highlights • The assets and deferred outflows of resources of the Organization exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $810,122 (net position). Of this amount, $309,277 (unrestricted net position) may be used to meet the Organization's ongoing obligations. • The Organization's total net position increased by $266,076 • As of the close of the current fiscal year, the Organization's General Fund reported combined ending fund balances of $607,317, an increase of $190,268 in comparison with the prior year. • The ending General Fund balance was $607,317. Of this balance, $340,591 is committed purposes disclosed in the financial statements. • The Organization's unrestricted cash and temporary investments as of December 31, 2018 increased to $687,715 from $458,142 as of December 31, 2017. (4)