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Years Ended 1997 & 1996 Financial Statements
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Years Ended 1997 & 1996 Financial Statements
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LOWER RUM RNER WATER MANAGEMENT ORGAI~IIZATION <br />NOTES TO FINANCIAL STATEMENTS <br />Note 3. even <br />Assessments from participating cities: <br />Member ciues aze assessed on an annual basis for estimated Organization costs by motion of the <br />Organization's Goveming Boazd. Administrative and planning costs aze apportioned by a formula <br />taking into account both valuation and gross azea equally. Projects and improvement cosu aze <br />chazged to the benefiting properties by a formula adopted by the Organization's Goveming Boazd. <br />Member city assessments for administrarive and planning costs were as follows: <br />Yeaz ended Januarv 31. <br />1997 1996 <br />Andover <br />Anoka <br />Ramsey <br />Coon Rapids <br />$ 4,298 $ 6,999 <br />3,562 6,234 <br />6,454 ]0,607 <br />286 460 <br />14 600 24 300 <br />Permits: <br />The Organizarion issues permits for construction to cover the costs associated with the review of <br />grading, drainage, and erosion control plans of the projects to improve overall water quality. The <br />Organization earns $50 for administrarion costs for each permit it processes. A deposit is received <br />upon application of the permit which is used to cover the administration costs and all professional <br />services incurred to complete the permit process. Any remaining deposit excess is refunded upon <br />issuance of the permit. <br />Grants: <br />The Organization received matching grants of $2,310 and $2,267 in fiscal yeazs 1997 and 1996, <br />respectively, from ttte Boazd of Water and Soil Resources (BWSR) for properly and efficiently <br />implementing the Wetland Conservation Act of 1991. <br />The Organization also received a matching Second Generation Watershed Management Plan Grant <br />of $15,600 in fiscai year 1997 from the Boazd of Water and Soil Resources (BWSR) for developing <br />a comprehensive local water plan. <br />The Organization also received a matching Challenge Grant of $5,200 in fiscal yeaz 1996 from the <br />Board of Water and Soil Resources (BWSR) for implementing a comprehensive local water plan. <br />Ali grants required equai matching of funds and had expired by January 31, 1997 with no carryover <br />of any unused amounu. <br />-6- <br />
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