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Scott WMO staff brief commissioners on fund balance rules and budget timeline
Summary
Staff explained how the WMO budget and levy process works, described three categories of fund balance (operational reserve, restricted, dedicated), and walked commissioners through the August–December budget timeline and the WPC's role in providing recommendations.
Staff reviewed the WMO budget process and fund-balance policies at the Feb. 23 meeting, describing the WPC's role in reviewing the draft levy and budget for consistency with the watershed management plan and annual work plan.
Vanessa explained the three fund-balance categories used by the WMO: operational (a 30 percent minimum reserve intended to cover emergencies like floods), restricted (pregrant payments not recognized as available until encumbered), and dedicated…
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