Budgets and Annual Comprehensive Financial Report
The EAA is required to adopt an annual budget before the start of a new fiscal year, which begins on January 1st and ends on the following December 31st. The budget development schedule is generally a seven-month process from May through November and includes the following steps: goal setting; formulation of team budgets; review of proposed budget by the general manager; board review of proposed budget; public notice and public hearings; final board review and adoption; and monthly budget review and amendments (as necessary). For the past eleven consecutive years, the EAA has been presented the Distinguished Budget Presentation Award by the Government Finance Officers Association of the United States and Canada (GFOA) for its annual budget. To receive this award, the published budget document must meet program criteria as a policy document, as an operations document and as a communications device.
2024 Adopted Operating Budget
The 2024 Adopted Operating Budget supports two major programmatic areas: A General Fund of $24.6 million in projected expenses, supported by revenues generated through the assessment of a general aquifer management fee of $58 per acre-foot; and an Edwards Aquifer Habitat Conservation Plan (EAHCP) fund of $20.6 million in projected expenses, supported by revenues generated through the assessment of a $30 per acre-foot program aquifer management fee. Combined, this makes for a $45.2 million comprehensive budget funded by a combined aquifer management fee of $88 per acre-foot, which represents a 4.76% (or $4) increase over the previous year overall AMF rate that has remained unchanged since 2012.
Download 2024 Adopted Operating Budget (PDF)
2025 Proposed Operating Budget
The 2025 Proposed Operating Budget supports two major programmatic areas: A General Fund of $24.78 million in projected expenses, supported by revenues generated through the assessment of a general aquifer management fee of $50 per acre-foot; and an Edwards Aquifer Habitat Conservation Plan (EAHCP) fund of $20.36 million in projected expenses, supported by revenues generated through the assessment of a $40 per acre-foot program aquifer management fee. Combined, this makes for a $45.1 million comprehensive budget funded by a combined aquifer management fee of $90 per acre-foot, which represents a 2.27% (or $2) increase over the previous year overall AMF rate.
Download 2025 Proposed Operating Budget (PDF)
2025 Proposed Operating Budget – Public Meeting and Comment Submission
A recording of the Public Meeting, held on October 9, 2024, is provided below as well as a copy of the presentation. The EAA encourages the public’s participation in our budget adoption process and welcomes your comments concerning the proposed budget and associated aquifer management fees. The deadline for written comments is Monday, October 21, 2024, 5:00p.m. Comments may be emailed to budget@edwardsaquifer.org, mailed to Shelly Hendrix, Controller, EAA, 900 E. Quincy St., San Antonio, Texas 78215 or faxed to Shelly Hendrix, Controller, 210-222-9869. Or, you may also request to provide public comments before the EAA Finance/Administrative Committee on October 22, 2024 at 10:30a.m. by emailing jesparza@edwardsaquifer.org or by calling 210.477.5116 by the comment deadline.
Download Proposed Operating Budget – Public Meeting and Comment Submission (PDF)
Annual Reports
For the past 22 consecutive years, the GFOA has awarded the EAA with the Certificate of Achievement in Excellence in Financial Reporting for its Annual Comprehensive Financial Report. The Annual Comprehensive Financial Report is developed in accordance with generally accepted accounting principles using the full accrual basis of accounting. The GFOA awards the Certificate of Excellence to entities that evidence the spirit of transparency and full disclosure in their Annual Comprehensive Financial Reports and achieve those goals.
