Budget

The Commission’s Joint Powers Agreement provides that each member city contributes toward the annual operating budget based on its share of the taxable market value of all real property within the watershed to the total area in the watershed.  The Commission’s 2008 Operating Budget and Member Assessments are currently available for download.  The 2008 operating budget was approved at the Commission’s June 21, 2007 meeting.

All financial accounting is handled by the Commissions' Treasurer, an elected officer.  Monthly Treasurer's Reports are prepared and reviewed and approved by the Commissions at their monthly meetings.  Details of the Commissions' expenditures show year-end totals and monthly expenditures for each accounting category.

The Commission’s financial statements currently are being prepared by the firm of Johnson & Company, Ltd.  A copy of the 2006 financial review is provided in the Commission’s Annual Report and includes a balance sheet, statement of revenue and expenditures, and various notes.  The Commission accounts for receipts and disbursements on the cash basis.  Accrual entries are made for year-end financial statement presentation.