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DRAt=T <br />APPENDIX A <br />DRAFT 2000 LMCD BUDGET <br />HIGHLIGHTS <br />ADMINISTRATION <br />• $105,500 has been budgeted for Salaries for three full-time employees and one part-time <br />employee at current salaries and hourly rate (line item la). Salary adjustments for these <br />employees nave been budgeted as part of Contingency (line item 7). <br />$18,960, a 5% increase from 1999, has been budgeted for Office Lease & Storage (line <br />item 2a). It is projected that Office Lease & Storage expenses for 2000 will cost the <br />District approximately $25,000. The balance of these expenses will be off-set by funds <br />received from the Freshwater Foundation in the Fall of 1998 move. <br />$11,000 has been budgeted for Professional Services (line item 2b). This includes funds <br />for the 1999 LMCD Audit and for the District Bookkeqier. <br />No reserve fund contribution has been budgeted for 2000. With a projected Administrative <br />reserve fund balance of $118,530 by 12/31/99, the District should attain the agreed upon <br />six-month reserve for the Administrative Budget by year-end of 1999. <br />EWM/EXOTICS MANAGEMENT <br />• It is anticipated that the MN DNR will fund the District with a grant of approximately <br />$24,(XX) to assist in the management of Eurasian Watermilfoil. <br />$15,000 has been budgeted for Zebra Mussel expenses (line item 2). These funds will be <br />spent to improve public awareness of zebra mussels including television and print <br />advertising, public access and marine signage, a zebra mussel hotline number, and other <br />efforts. <br />A reserve fund contribution of $6,000 has been budgeted. With a projected EWM reserve <br />fund balance of $95,191 by 12/31/99, this would reduce the reserve fund balance for EWM <br />to $89,191. By the year-end 2000, the District should attain the agreed upon 12 month <br />reserve for the EWM program. <br />No transfer is budgeted from the EWM reserve fund balance to the Equipment <br />Replacement reserve fund for equipment depreciation. A transfer of $35,000 has been <br />budgeted for 1999 from the EWM reserve fund to the Equipment Replacement fund. <br />1