soil & water conservation district funding angela p. white, ph.d
TRANSCRIPT
SOIL & WATER CONSERVATION DISTRICT FUNDING
Angela P. White, Ph.D.
Lesson Objectives
Recognize Financial Responsibilities of SWCD Directors.
ID Sources of SWCD Funding.
Discuss State Law Pertaining to SWCD Finances.
ID Fundamental Financial Management Practices for SWCD.
Financial Responsibility To be accountable for the wise
use of entrusted public monies.
Sources of Annual SWCD
Operating Funds State Local
Governments Other
Grants Donations Revenue Generating
Technical Services Sales Rental Programs
Statewide SWCD Funding
State (DCR) = 70% $4,052,240 (FY 2006-2007)
Local = 20%
Other Sources = 10%State
Local
Other
State Funding
Two Types of State Funding Operating Funds
SWCDs now a line item in DCR budget. VSWCB Policy provides “essential” funding and
additional provisions. Funds administered through a grant agreement. DCR recommends “Director Support” in the
amount of $500/director/year for training and travel.
Program Funds (Cost-Share) Typically used for water quality improvement.
Local Government Support
Varies from District to District. Local Donors
County City Town
Other Funding Sources Grants Donations Conservation Equipment Rental
Programs Sales Interest Income Other Services
How Are District Funds Spent? Essential Funding is used for district
operations: Employee Salaries & Fringe Benefits Rent, Office Supplies, & Equipment Conservation Equipment & Purchases Educational Activities Training, Meetings, & Publicity
Cost-Share Funding & Grants Designated use for specific programs and
activities.
State Law Requirements § 10.1-535 Bonds of officers and
employees; records and accounts
The district directors shall (i) provide for the execution of surety bonds for all employees and officers who shall be entrusted with funds or property; (ii) provide for the keeping of a full and accurate record of all proceedings and of all resolutions, regulations, and orders issued or adopted; and (iii) provide for an annual audit of the accounts of receipts and disbursements by the Auditor of Public Accounts or a certified public accountant approved by him.
Meeting Legal Requirements
Bonding
Plans and Reports Minutes Annual Plan of Work Annual Report Financial Reports Inventory Lists
Audits At least once every 2 years
Fundamental Financial Management Practices
Basic understanding of SWCD financial accounts.
Develop & Adhere to Annual Budget. - Consideration of Unexpended Funds- Projected revenue & expenses- Detail of actual income &
expenditures for the last year.- Estimate of staff and costs to
accomplish proposed activities. - Narrative summary.
Approved Purchasing Policy.
Financial Management Practices Continued Review of Treasurer’s Reports. Compliance w/ Audit Findings. Team Approach to Account
Management. Refer to Desktop Guide for
District Fiscal Operations.
Final Thoughts #1 Responsibility = Financial
Accountability Refer to “Course Documents” to
review the following documents: Annual Plan DCR Operating Agreement Budget Purchasing Policy