VLAWMO Annual Financial Report 2018 (2)

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2018 ANNUAL REPORT Vadnais Lake Area Water Management Organ; Finance and Budget The 2018 budget was established by the Board of Directors in June with designated project and program funds carried over in December 2017. The Finance and Policy Committee with members from the Technical Commission and the Board reviewed and made recommendations on the 2018 budget to the Board in June 2017. The Board added additional funds to address two priorities: 1) The understanding and maintenance of Lambert Creek required historical reviews, surveying and modeling of the system as well as consultation with the VLAWMO attorney. 2) A focus on Goose Lake and its subwatershed. Funds to complete feasibility studies, targeted sampling, and grant applications were needed. Approved budget for 2018: $1,087,940 Actual income from 2018: $1, 3 21,949 Money spent in 2018: $780,275 J Fund balance or transfers from reserves: $316,540 Storm Sewer Utility (SSU): $755,211 Interest: $5,979 Grants: E / $244,019 Service Fees: $200 Annual Budget with Fuvtd Balance $1,301,235 $715,674 $772,151 $789,700 $568,279 $563,600 $607,620 i 1 $876,080 $1,087,940 INCOME The mainstay of support for VLAWMO work comes from its Storm Sewer Utility (SSU) fees. These fees are based on an estimate of impervious surface for each parcel of land that is in line with its land use classification. $ 752,436.12 in SSU was certified to Ramsey and Anoka Counties for 11,502 parcels. The average single family homeowner paid $ $42.36 per year to support all of the projects and programs conducted by the watershed. That's about $3.53 per month. The 15.5% increase in storm sewer utility fees allowed VLAWMO's budget to sustainably support the programs and projects of the Water Plan. Ongoing projects resulted in a significant amount of funding being carried over from 2017 to 2018 and again into 2019. 36 2010 2011 2012 2013 2014 2015 2016 2017 2018