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•LAKE MINNETONKA CONSERVATION DISTRICT <br />MEMORANDUM RECEiVct <br />TO:LMCD CITIES JUN 6 1994 <br />FROM:BILL JOHNSTONE, CHAIR LMCD CnYOFQRONO <br />DATE:JUNE 2, 1994 <br />RE:PROPOSED 1995 I'.UDGET <br />!fs; “»s. “ .. <br />hold a hearing, consider the objection and determine whether <br />changes should be made in the budget as a result thereof. <br />In recent years the LMCD Board has solicited input <br />concerning the budaet prior to its adoption pursuant to tne <br />enabling act. This is not intended to and does not prevent <br />ciSe^from 4xercising their right to object to the actual budget <br />and request a hearing thereon pursuant -^isedoes afford the cities more time to consider the budget and raise <br />and discuss questions with respect thereto with their <br />reoresentatives and the LMCD staff. Consistent with this <br />practice, enclosed is a preliminary dtaft of the bu^et the <br />LMCD for the year commencing January 1, 1995. The LMCD Bo <br />received the draft budget from the staff at its May ..5th meeting, <br />and authorized it to be distributed to the cities <br />consideration at the Board meeting of June 22th. Please take the <br />time to review it and direct your questions and comments with <br />respect thereto to your representative, myself or Gene Strommen, <br />the LMCD Executive Director. We would appreciate hearing your <br />comments by June 21, 1994. <br />Several comments are relevant: <br />- The enclosed budget is a draft. It has not been <br />considered or acted upon by the Board. It will not be acted up <br />until June 22th, at which time changes and adjustments may be <br />made. <br />- For purposes of presentation the budget is divided into <br />two principal categories: Administrative and Milfoil. <br />Administrative covers projected revenues and e.xpenditures wit <br />resect to the normal operations of the LMCD, exclusive of the <br />milfoil control program. Milfoil covers the projected revenues <br />and expenditures with respect to the milfoil control program. <br />- Consistent with the policy adopted by the Board in <br />February of this year, money in both the Administrative <br />operating Reserve (the "Administrative Reserve") and the Milfoil <br />?Snd Ope?at!ng Reserve (the "Milfoil Reserve") is being budgeted <br />for current e-xpenses from each Fund in amounts which are