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12 <br />typically occurs at the June Board meeting, but can occur at a different meeting as the <br />Board may determine is appropriate. <br /> <br />(d) SSU Rate Approval. The Board shall consider and act to approve the SSU rates. This <br />review and approval typically occurs at the August Board meeting, but can occur at a <br />different meeting as the Board may determine is appropriate. <br /> <br />(e) SSU Charge Certification. The Board shall act by November 1st each year to certify <br />the SSU charges to the County Auditors for collection on the upcoming year’s <br />property taxes. <br /> <br />(f) Budget Adjustments. Before December 31st each year, the Board shall consider and <br />make such adjustments to the annual budget as may be needed to allocate funds being <br />carried over into the following year. <br /> <br />(g) Work Plan. Included with the annual activity report required by Minn. R., part <br />8410.0150 shall be a work plan specifying the activities planned to be undertaken and <br />a summary of the budget for the current year. <br /> <br />6.2 Funding. The annual budget is funded by one or more of the following: <br /> <br />(a) The primary source of funding for the annual budget is the SSU charges imposed on <br />properties within the Watershed each year pursuant to the Special Legislation. <br /> <br />(b) Member contributions toward specific capital improvement projects. <br /> <br />(c) VLAWMO may also receive grants to help fund specific capital improvements. <br /> <br />(d) If the funds collected from the SSU charges and grants are not sufficient to fully fund <br />an approved budget, the Board may exercise any other authority available to it under <br />law to fund the budget including, but not limited, Member assessments. <br /> <br />6.3 Member Assessments. <br /> <br />(a) Authorized. A Member assessment may be imposed to cover an anticipated shortfall <br />in VLAWMO’s annual budget. A Member assessment amount shall be calculated <br />using the formula set out in this section. At least 10 days prior to the meeting at <br />which the Board considers acting on a proposed Member assessment, VLAWMO shall <br />provide each Member written notice of the proposed Member assessment that <br />identifies the amount to be paid by each Member. Members shall be given an <br />opportunity to be heard at the meeting before the Board acts on the Member <br />assessment. A Member assessment must be approved by at least a majority of the full <br />Board by no later than July 1st for collection in the following year. If approved, <br />VLAWMO shall notify each Member in writing of the approved Member assessment <br />amount. <br /> <br />Page 668 of 679