FY 24 APPROVED OPERATING BUDGET

WATERSHED MANAGEMENT

FINANCIAL NOTES:

FY 24 Approved Budget

6,006,000

FY 23 Approved Budget

5,750,000

$ increase

256,000

% increase

4.45 %

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - REVENUES

RECORDATION TAX

This is a portion of the recordation tax, $0.55 for each $500 of the sale price (or lien amount) for each property deed recorded.

3,300,000 2,999,700

(300,300)

2,450,000 3,006,300

556,300 MISCELLANEOUS

This includes investment income estimated at $50,000 for FY 24 and fund balance appropriated of $2,646,000.

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

748,638

827,661

79,023 PERSONAL SERVICES

Increase for additional summer interns to assist with MS4 compliance; adjustments made to health benefits for consistency in position budgeting.

638,119

1,008,280

370,161 CONTRACTUAL SERVICES

Funds provide for outside consulting services that have been previously billed to capital projects.

8,445

5,985

(2,460)

SUPPLIES & MATERIALS Funds provide for general office supplies, lab supplies, etc. and adjusted based on actual expense history

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

17,750

11,750

(6,000)

BUSINESS & TRAVEL Allocation provides sufficient funds for staff to attend training seminars and courses and conferences

1,567,808 1,951,749

383,941 DEBT SERVICE

This is the principal and interest costs on the bonds sold for Watershed Management capital projects.

2,769,240 2,200,575

(568,665)

MISCELLANEOUS Funds allocated for Watershed Management capital projects and other contingencies 238