WSP00542

• File Number: 8111.600
• Description: ARCA Annual Reports
• Basin: Arkansas
• Date: 1/1/1989
• Author: ARCA
• Title: Forty-First Annual Report Arkansas River Compact Administration for the Year 1989
• Water Supply Pro - Doc Type: Annual Report

5. FISCAL

The Administration's Fiscal Year (FY) runs from July 1 to June 30. The
fiscal affairs of the Administration for Compact Year 1989 involve
portions of the Administration's FY 1988-89 and FY 1989-90. The
Treasurer reported on the financial status of the Administration for the
applicable portions of those fiscal years at the Annual Meetings held on
December 13, 1988 and December 12, 1989.

At the December 13, 1988 Annual Meeting the Administration took the
following budget actions:
. reviewed and left unchanged the previously adopted budget for the
remainder of FY 1988-89 with expenditures of $38,395;
. revised the budget for FY 1989-90 to reflect anticipated expenses
of $38,525;
. for planning purposes adopted a FY 1990-91 budget with
anticipated expenditures through June 30, 1991 of $35,980.
Copies of these budgets are included in this report as Appendix A-l .

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At the close of the fiscal year on June 30, 1989 the Administration had
a cash balance of $46,685 as shown in the FY 1988-89 Auditor's
Report accepted at the December 12, 1989 Annual Meeting. The
Auditor's Report is included herein as Appendix A-2_ On December 11,
1989 the Administration had a cash balance of $53,216 as reported by
the Treasurer and shown on Appendix A-3.

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