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Revised fund balance leaves room for IAVMP update; committee notes potential boat-launch costs
Summary
City finance staff updated the steering committee that the Barnes Lake Management District fund balance increased, creating room for this year’s Integrated Aquatic Vegetation Management Plan (IAVMP) update; members were reminded that permitting costs for the boat launch could reduce the balance.
The Barnes Lake Management District steering committee reviewed a revised budget update from city finance staff that raised the district’s beginning fund balance and left funding available for an IAVMP update this year.
Committee members said the city amended the district’s starting fund balance from about $58,000 to $80,140 after accounting for items that had not previously been included in the…
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