2017 Budget

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ST. VRAIN AND LEFT HAND WATER CONSERVANCY DISTRICT9595 NELSON ROADLONGMONT, CO

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ST. VRAIN AND LEFT HAND WATER CONSERVANCY DISTRICT

9595 Nelson Road, Suite 203 • Longmont, CO 80501 • 303-772-4060 • www.svlhwcd.org

December 6, 2016

St. Vrain and Left Hand Water Conservancy District Board of Directors,

The attached 2017 Budget for the St. Vrain and Left Hand Water Conservancy District includes these

important features.

• One General Government (General) and one Proprietary (Enterprise) Fund.

• A 3.0% increase from the previous year in Ad Valorem Revenue to the General Fund.

• A 15% reduction to specific General Fund line items to be paid by the Enterprise Fund for

expenses related to the Districts Augmentation Program.

• An average 14% increase in fees to the Augmentation Program.

• Increased transparency on all line items for each of the funds, including the addition of CWCB

loans and FEMA reimbursements to the Enterprise Fund.

The budgetary basis of accounting timing measurement method used is a modified accrual basis for the

General Fund, and an accrual basis for the Enterprise Fund.

The proposed budget is balanced and represents a fair assessment of next year's anticipated

expenditures. The balanced budget will allow the District to continue to meet its mission of providing

and promoting for the beneficial use of water within the district boundaries and facilitating for the

orderly evolution of water rights.

Sinc~e.[~lY,( "

()\~/')~- 0 (_-.v----~

Sean T. Cronin

Executive Director

St. Vrain and LeftHandWater Conservancy District

IGENERAL FUNDTo account for ongoing expenses associated with delivery of programs and services

2015 2016 2016 Estimate 2017Actual Budget As of 11/30 YearEnd Budget

Fund Balance & Reserves IBeginning Unrestricted Fund Balance $ 209,919 $ 247,079 liiU 248,829 $ 281,252Beginning Water Rights Balance $ 106,934 S 143,217 143,839 $ 127,523TABORRestricted Emergency Reserve S 12,066 $ 12,066 12,070 $ 12,898

Total Fund Balance & Reserves $ 328,919 s 402,362 s 404,738 $ 421,673

Revenue SourcesAd Valorem S 315,128 S 331,067 $ 329,902 $ 331,067 S 340,063Specific Ownership Tax S 18,365 $ 15,000 S 15,249 S 15,500 S 15,000Interest $ 854 S 500 s 806 $ 850 S 500Miscellaneous S 125 $ - s 52 $ 52 $ 52

Total Revenue $ 334,472 s 346,567 s 346,009 $ 347,469 $ 355,615

Expenditures by CategorySalaries & Benefits $ 148,422 $ 227,116 S 136,678 $ 152,428 $ 159,893Administration s 33,946 S 45,201 $ 26,855 $ 31,779 S 35,489Outside Services $ 31,072 S 36,000 S 86,040 S 89,735 S 133,000Operational S 25,099 $ 30,019 $ 25,266 S 27,064 $ 26,053Water Rights S 13,095 s 27,000 S 16,317 $ 16,317 S 33,250Miscellaneous s 4,733 s 7,900 $ 4,950 $ 5,000 S 7,900

Total Expenditures $ 256,367 s 373,236 $ 296,105 $ 322,322 $ 395,585

Transfers, Loans & Reserves by CategoryTransfer to Enterprise Fund S 2,290 S 9,040 $ - S 9,040 $ 9,000Designate to WR Balance S 50,000 S - $ - S - $ 50,000

Total Transfers, Loans & Reserves $ 52,290 s 9,040 $ - $ 9,040 s 59,000

Ending Unrestricted Fund Balance s 248,829 $ 238,369 ":;'~~{~t;!~~::, s 281,252 $ 215,532Ending Water Rights Balance $ 143,839 $ 116,217 Ir:i;::;-,;C~:!';' $ 127,523 $ 144,273Ending Restricted Emergency Reserve s 12,070 $ 12,066 ~·.';;:.:!:~~:'~i;~·;";':;.$ 12,070 $ 12,898

Total Fund Balance & Reserves s 404,738 $ 366,652 'i>~h'~:~.~":tY.·.;;!,," $ 420,845 $ 372,703

$ (2,839)

2017 Revenue Transfer to 2017 Expenditures

Salaries &2%

35%

Outside Services29%

Ad Valorem96%

2017 Budget - Final.xlsx 1 12/6/2016 3:34 PM

St. Vrain and left Hand Water Conservancy District

IGENERAl FUND - EXPENDITURE DETAilTo account for ongoing expenses associated with delivery of programs and services

2015 2016 2016 Estimate 2017Actual Budget As of 11/30 YearEnd Budget

AdministrationDirectors Fees $ 10,300 $ 10,800 s 7,500 $ 10,800 $ 10,800Liability Insurance $ 3,417 s 3,465 $ 3,589 $ 3,589 $ 3,655Emergency Reserve $ - s - s - $ - $ 828Salaries & Wages $ 119,670 $ 182,639 S 109,579 S 122,768 S 129,135Temporary Employees $ - $ - $ - $ - $ -Employee Retirement $ 3,576 $ 5,479 $ 3,278 $ 3,673 S 3,874Training and Conferences $ 5,487 s 8,500 S 2,729 S 2,729 S 5,525Travel S 3,451 S 4,420 $ 3,212 $ 3,300 S 3,400Bond Expense $ 258 $ 258 $ 258 $ 258 $ 258Health Insurance $ 25,177 $ 38,998 S 23,821 $ 25,986 s 26,884Workmans Comp $ 768 $ 782 S 254 $ 782 $ 757Payroll Expense S 10,265 $ 16,976 s 9,313 $ 10,322 $ 10,266

Total Administration Expenditure S 182,369 S 272,317 S 163,533 $ 184,207 s 195,382

Outside ServicesMisc Consulting S 2,178 $ 5,000 S 26,650 S 26,650 $ 98,000Consulting Engineering $ 6,250 S 7,000 $ 15,638 $ 16,578 s 9,000Legal Fees $ 13,887 S 12,000 $ 33,980 S 36,734 S 14,000Audit Expenses $ 8,757 S 12,000 S 9,773 S 9,773 $ 12,000

Total Outside Service Expenditure $ 31,072 s 36,000 s 86,040 s 89,735 s 133,000

OperationalOffice Supplies S 3,836 S 9,350 S 6,196 S 6,300 $ 5,100Gifts $ 80 $ 225 $ 105 s 105 s 225Dues & Subscriptions $ 4,862 $ 3,850 $ 3,950 $ 3,950 $ 4,000Rent $ 13,209 $ 13,209 $ 12,108 $ 13,209 $ 13,209Telephone & Internet S 3,008 S 2,975 S 2,438 S 2,975 S 2,975Advertising $ 75 S 300 S 346 $ 400 $ 400Bank Service Charges S 29 S 110 $ 122 $ 125 S 144

Total Operational Expenditure S 25,099 S 30,019 $ 25,266 $ 27,064 s 26,053

Water RightsDefense & AcquisitionMisc Consulting S - S - S - S - S -Consulting Engineering S 3,902 $ 4,000 $ - S - S 4,000legal Fees s 5,367 S 3,000 $ 766 $ 766 $ 3,000Regional Cooperation s 3,827 S 20,000 $ 15,551 $ 15,551 $ 26,250Water Rights Acquisition $ - S - $ - S - $ -Water Quality $ - $ - $ - S - $ -Water Storage $ - $ - S - $ - $ -

Total Water RightsExpenditure S 13,095 $ 27,000 S 16,317 5 16,317 $ 33,250

MiscellaneousUncollectables $ - $ 1,900 $ - $ - $ 1,900Treasurer's Fees $ 4,733 $ 6,000 $ 4,950 $ 5,000 $ 6,000

Total Miscellaneous Expenditure 5 4,733 5 7,900 $ 4,950 $ 5,000 s 7,900

Interfund Transfers, Loans& ReservesTransfer to Enterprise Fund s 2,290 $ 9,040 $ - $ 9,040 $ 9,000Designate to WR Balance $ 50,000 $ - $ - s - $ 50,000

Total Transfers, Loans& Reserves s 52,290 S 9,040 S - 5 9,040 S 59,000

Grand Total General Fund Expenditures s 308,658 s 382,277 s 296,105 $ 331,362 S 454,585

2017 Budget - Final.xlsx 2 12/6/2016 3:34 PM

St. Vrain and Left HandWater ConservancyDistrict

IENTERPRISE FUNDTo account for ongoing expenses associated with the water enterprise

2015 2016 2016 Estimate 2017Actual Budget As of 11/30 Year End Budget

Fund BalanceBeginning Fund Balance $ 213,847 $ 233,525 l';;.;,~~ $ 236,600 $ 272,842

Total Fund Balance $ 213,847 $ 233,525 $ 236,600 $ 272,842

Revenue SourcesTransfer from General Fund $ 2,290 $ 9,040 $ - $ 9,040 $ 9,000Lake No.4 - Operations $ - $ - $ - $ - $ -Mise Water Rental s 488 $ - s 2,780 $ 2,780 s -District Water Rental (CBT) $ 305 $ 300 $ - $ - $ -Longmont Water Rental (CBT) s - $ - $ - $ - $ -Cash Advance Program $ 100,000 .::,'iY-'5,S:::;:x;/:, '''~W:;f··""-~ ~~~f, ~''Al''''?ki':.;:gll;~G;~f::Reservoir - FEMA Reimbursement $ 51,344 $ 3,106,436 $ - $ - s 3,703,359Reservoir - CWCB Construction Loan - $ 3,585,715 $ - $ - $ 4,232,410Pipeline - Bldr County Reimbursement $ 13,000 s 14,378 $ 15,578 s 298,750Pipeline - CWCB Loan s 562,178 $ - $ - $ 613,250Other Flood - Boulder County $ 6,315 -'III'.·O~·.~••i >.. :',,,;.: (,;.'1 l'" 7.::: .,--;;::" 1iZ':~.~.~ ~ :::,:: ~:~.Augmentation Membership Fees $ 38,094 $ 92,919 $ 84,998 s 84,998 $ 91,781Interest $ 199 $ 160 $ 213 $ 213 $ 160

Total Revenue $ 199,035 $ 7,369,749 $ 102,369 $ 112,610 $ 8,948,710

Expenditures by CategoryAdministration $ 29,066 $ 46,255 s 28,337 $ 31,366 $ 32,532Outside Services $ 134,834 $ 4,294,325 $ 24,556 $ 30,262 $ 5,342,410

Operational s 12,383 $ 16,276 $ 14,542 $ 14,740 $ 28,480

Interfund Transfer & Loans s - $ 3,135,611 $ - $ - $ 3,703,359

Total Expenditures $ 176,283 $ 7,492,467 $ 67,434 $ 76,367 $ 9,106,780

Ending Unrestricted Fund Balance $ 236,600 $ 110,808 ";'/;/: ::.:~C:.:;::;:; $ 272,842 $ 114,772

AugmentationMembership

Fees

2017 Revenue 2017 Expenditures

1%

Loan7%

Reservoir·CWCS

ConstructionLoan47%

Operational0%

2017 Budget - FinaLxlsx 3 12/6/2016 3:34 PM

St.Vrain and Left HandWater ConservancyDistrict

/ENTERPRISE FUND - EXPENDITURE DETAilTo account for ongoing expenses associated with the water enterprise

2015Actual

2016 2016 Estimate 2017Budget As of 11/30 Year End Budget

32,230 $ 19,881 $ 22,209 $ 22,788$ $ $

138 $ 136 $ 136 $ 1342,996 $ 1,740 $ 1,918 $ 1,8126,882 $ 4,204 $ 4,586 $ 4,744967 s 595 $ 665 $ 684

1,500 $ 501 $ 501 s 975612 $ 633 $ 633 $ 645780 s 628 $ 700 $ 600150 $ $ 19 $ 150

46,255 31,366 32,532

2,500 $ $ $15,000 $ 12,988 $ 13,821 $ 25,000

$$$$$s$$$s

20,325 $$

138 $1,798 $4,427 $624 $527 s603 $604 $19 $

29,066

4,369 $11,222 $

AdministrationSalaries & WagesTemporary EmployeesWorkmans CompPayroll ExpenseHealth InsuranceEmployee RetirementTraining and ConferencesLiability InsuranceTravelMiscellaneous

Total Administration Expenditure

Outside ServicesMisc ConsultingConsulting EngineeringLake No.4 RepairReservoir - FEMALake 4 Pipeline RepairsCash Advance Program PaybackLegal Fees

$s$$$$$

86,307 s 3,550,213 491 491 $ 4,232,41025,587 $ 556,612 3,501 $ 912,000

$ 160,000 s 160,0007,349 $ 10,000 12,449 $ 13,000

134,834 4,294,325 30,262 5,342,410Total Outside Service Expenditure

OperationalCopeland LakeColorado-Big Thompson AssessmentsLake No.4Water Rights AcquisitionWater RentalSpecial ProjectsRentTelephone & InternetOffice SuppliesNative Water Assessments

$ $ $$ 2,954 $ 4,770 $$ (125) $ $$ $ $$ $ $$ $ $s 2,331 $ 2,331 $s 530 s 525 $$ $ 1,650 $$ s 7,000 $

16,276

3,106,436

29,175

3,135,611

7,492,467

Total Operational Expenditure

Interfund Transfers & LoansReservoir - CWCBConstruction LoanReservoir - CWCB Final Loan (2019)Pipeline - CWCB Final loan (2018)Loan to General Fund

Totallnterfund Transfer & Loans

Grand Total Enterprise Fund Expenditures

2017 Budget - Final.xlsx

s $ 10,0004,770 $ 4,770 $ 7,724

$ $s $$ $$ $

2,137 $ 2,331 $ 2,331547 $ 550 $ 525

s 794 s 900$ 6,295 $ 7,000

14,740 28,480

3,703,359

3,703,359

4 12/6/2016 3:34 PM