Consideration of and possible action on matters related to financial

Staff Report & Agenda Item Details

5. Consideration of and possible action on matters related to financial management including the annual budget, budget recommendation for fiscal year 2023, tax rate for tax year 2022, certified appraisal roll, bank accounts, investments, financial reports of the district, bills and invoices of the district. 5.0 —- Report on Financial Management Meeting Discussion: Mr. Andruss explained the financial records for June 2022 have been compiled, reviewed, and sent to the board members prior to the meeting. Board Action: Mr. Johnson moved to accept and approve the financial records for June 2022. Mr. Brett seconded the motion. The motion passed unanimously. 5.0.1 — Review of Financial Transactions Meeting Discussion: Mr. Andruss provided a list of accounts payable and accounts receivable that have been recorded since July 1, 2022, as of August 17, 2022. Board Action: None. 5.1 — Budget Recommendation Meeting Discussion: Mr. Andruss explained a recommended budget for fiscal year 2022 for the District has been developed that, if adopted, would fund the operations of the District in a manner that should provide for 1) the accomplishment of the management plan goals and objectives and 2) the completion of certain projects and tasks associated with the administration of the district, groundwater conservation, groundwater management and permitting, groundwater monitoring, groundwater policy development, groundwater protection, groundwater research, and groundwater resource planning, and 3) avoid a budget deficit in Fiscal Year 2022-2023. The recommended budget anticipates the continued cooperation with and support of the staff of the Victoria County Groundwater Conservation to be achieved through the approval of a revised interlocal cooperation agreement. The significant revisions provide for 1) an increase to the monthly fees for service by 5% from $6,825.00 to $7,166.25. The recommended budget includes and is based on the following: ¢ estimation of total fund balance of $1,845,036 at the end of Fiscal Year 2021-2022; ¢ anticipation of expenditures of $335,595 during Fiscal Year 2022-2023; Meeting Minutes for September 7, 2022 | Page 5 of 10

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.1/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).