Laserfiche WebLink
Item - LMCD Report - CC Agenda - 05/09/2011 <br />L .. AKE MINNETONKA CONSERVATION DISTRICT <br />April 29, 2011 <br />TO: LMCD City Administrators <br />LMCD Board Members <br />FROM: Greg Nybeck, Executive Director <br />SUBJECT: Draft 2012 LMCD Budget <br />G'regory ~;, Nybeck, I:=.XEClJT1\li-: DIRECTOR <br />Enclosed is a copy of the draft 2012 Lake Minnetonka Conservation District (LMCD) <br />Budget. A meeting has been scheduled at the LMCD office on Thursday, June 2nd , at 11 <br />a.m. to review it and receive your input on it. <br />The proposed levy to the 14 member cities ($322,208) would be a 2.6% decrease when <br />compared to the $330,649 levy for the adopted 2011 LMCD Budget. The LMCD <br />recognizes the economic challenges the 14 LMCD member cities are currently facing and <br />the LMCD Board has taken this into consideration. There are a few instances where there <br />maya slight increase in the proposed levy to some of the member cities. By state statute, <br />the allocation of levy to the member cities is based on their percentage of the cumulative <br />next tax capacity, with no member city paying greater than 20% of the overall levy. The <br />primary purpose for this slight increase is that these member cities have an increase in <br />their percentage of cumulative net tax capacity of the 14 member cities. <br />There are a number of line-items that I would like to provide you further explanation of. <br />These include: <br />1) Two Administration Reserve Fund transfers have been budgeted. First, a transfer of <br />$20,000 has been budgeted to reduce the levy to the LMCD member cities (line-item 1 b <br />under "REVENUES"). Second, a transfer of $25,000 has been budgeted for the <br />Eurasian Watermilfoil (EWM) Equipment Fund, which is used for depreciated <br />mechanical harvesting equipment. It is projected that the Administration Reserve Fund <br />balance will be approximately 40% as of 12/31/12. <br />2) $54,000 has been budgeted for Court Fines (line-item 1 c under "REVENUES"), with <br />$47,000 for Prosecution Services (line-item 5b under "DISBURSEMENTS"). This <br />budgeting better reflects recent trends on these two line items. <br />3) License revenue is budgeted to remain at $115,000 (line item 1d under "REVENUES"). <br />A fee study analysis for license revenue received by the LMCD is planned during the <br />2011 calendar year. <br />\,i\jdb f~lagn .. t1{J(jr'€!s";; hHp:f.!\lvww,lmCci.Org ,. t-nvl:l t\(jdl"i_':ss' ;lw,:(j@lrncJ.or~J <br />To protect and pmserve Lake Minnetonka.