Fiscal Year

The twelve-month period beginning July 1 and ending June 30 of the following year.  The twelve-month accounting period used by the

MPWMD as the basis for reporting financial information.



Budget Assumptions

Generally accepted statements, which if untrue, would materially alter the financial planning and budget of the agency.



Summary of Staff


The budget schedule showing each Board approved regular staff position, arranged by Division, with the salary and benefit costs calculated on an annual basis.  Other personnel costs, mandated by law are also included.         



Allocation of Staff


The budget schedule that relates employee output to the three operating funds.  It shows the output of each employee as a percentage of total time by operating fund, and number of days of labor in a year.  The sum of the total number of days of labor by all employees is expressed as a percentage.  This percentage is used throughout the budget as the basis of allocating general and administrative (overhead) costs.



Current Year


and Expenses

Budget schedules showing actual revenues and expenses to date with projections for the remainder of the fiscal year (typically two months).  These schedules illustrate variances between estimated (budget) revenues and expenses and actual experience.  They serve to project the fund balances at the beginning of the next fiscal year.



Next Year’s


A summary of revenues derived from various sources allocated to each operating fund. Property taxes, permit fees, water connection charges, user fees, interest on investments, reimbursements to the District for projects carried-out by the MPWMD and grants are the principal revenue sources. Revenues may include a portion of the prior-year fund balance used to offset expenses. A pie chart graphically shows percentages of revenues according to source.



Project Expenditures

The listing of costs for the coming year that are projected as a result of specific projects and programs carried-out by the staff, consultants and contractors.  They are itemized in the Summary of Project Expenditures.  Generally the largest expense category in the budget.  Sometimes referred to as “program expenditures”.  Project expenditures do not include staff compensation for regular employees.


Fixed Assets

Equipment and components costing $500 or more that are not expendable nor consumable.




Fund set aside by the Board for specific, restricted uses.  Examples include capital equipment, drought, and pre-paid expenses.



Office Purchase


Annual reimbursement to the Capital Projects and Mitigation funds,

beginning in 2000 and ending in 2014, to repay the capital costs for

the district office building in Ryan Ranch.




A small percentage of the budget identified for expenditure for unforeseen emergencies or special purposes requiring Board approval.





The balance in each operating fund of the District, which remains after all

budgeted expenses are paid.  Normally, the unencumbered reserve balance

is carried forward from one fiscal year to the next. The value is verified

annually by the independent auditor and reported in the annual audit report.