Minutes from 1993 - Laserfiche WebLink

Home

LRRWMO Meeting Minutes July 16, 1993 Page 4 $200; Insurance, $2,500; Newsletter, $500; Contingencies, $1,000; fora total Miscellaneous portion of the budget of $11,900. The grand total operation budget for 1994 will be $22,200. The 1994 budget will consist of $18,200 from assessments to member cities, and $4,000 from permit review. Upon further discussion on the updated plan expenditure, Weaver advised that this board be as financially prepared as possible. We have no choice but to make the appropriate changes and include specific information in accordance with state/federal regulations. Jankowski expressed his continued discomfort with retaining such a large reserve and still ask his City Council to continue paying its assessment at the current rate,. The other members attempted to lessen his anxieties by agreeing there will seem to be a large. reserve, but this board must prepare for the upcoming huge expenditures. Knutson advised that the board prepare for an expenditure of anywhere from- $25,000-$50,000 for updating the Water Management Plan. He felt preparing for these forewarned- expenditures would eliminate or greatly reduce increased assessments for the 1995 budget as needed at the time. Weaver agreed that prudent planning at this point will keep the cities' future contributions to a minimum; we must be realistic. Jankowski stated he would be more comfortable going back and talking to his City Administrator and Finance Director about this. He suggested this may all be a matter of philosophy. Knutson reported that on August 1, 1993, he will be sending out the second half request for membership contributions which will be due September 1, 1993. Ferguson stated he predicted the city councils would be happy to see this board come in with the same budget. Knutson confirmed that this organization is very careful about spending its money. Ferguson stated he thought this board defined the lower end of its budget spending for 1994. Jankowski stated his community leaders are expressing the fear that if this board has large sums of money in its reserve, there is the tendency to spend it. Weaver recalled the history of this organization and noted that this board has never been involved in excessive spending practices. However, he added, we must be prepared for a steep incline in costs due to mandates by state agencies. Now, we are in a position to handle what we are doing .and to respond to what is being done to us without increasing the load to our member cities. Weaver went on to state that this year we can hold