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HomeMy WebLinkAboutstaff agenda report-new fundKittitas County Board of County Commissioners Agenda Staff Report Agenda Date: January 19, 2016 Action Requested: Request the Board approve Resolution providing for the Establishment of an Enterprise Fund within the Kittitas County Treasury entitled Water Mitigation Water, Fund #403 Background: The Board of County Commissioners purchased Trust Water Rights on May 29, 2014, to be used for consumptive use water, instream flow and mitigation of domestic use. Effective June 2, 2014 mitigation is required for all new uses of ground water in Kittitas County. Mitigation may include obtaining a portion of a senior (pre-1905) water right appropriate to offset the new groundwater withdrawal. Kittitas County intends to offer budget neutral mitigation through a County-owned and operated water bank starting in December 2, 2015 The new fees were adopted by the Board of County Commissioners Resolution 2015-159 on November 24, 2015. These fees include an in-lieu fee for water, watershed management and water supply improvements. We received a recommendation from the State Auditor that this fund type should be an enterprise fund. Recommendation: Request the Board Resolution Providing for the Establishment of Establishment of an Enterprise Fund within the Kittitas County Treasury entitled Water Mitigation Water, Fund #403 Handling: Copy to Judy Pless Copy to Brett Wachsmith Attachments: Resolution Establishing the Fund Lead Staff Judy Pless, Budget & Finance Manager Kittitas County Auditor’s Office