The Peri Lake Experimental Catchment, in Southern Brazil, is a small coastal lake (5 km 2 , 7 m depth) with a total catchment area of 20 km 2. The catchment is mainly covered by subtropical Atlantic Forest. Peri Lake is a recreational destination, an important ecosystem for biodiversity preservation, and a major water supply source. Even though there is a clear social and economic relevance, the information on this ecosystem is scarce, especially regarding the dynamics of water balance and water quality. We built this observatory using a low-cost, low-technology monitoring system to estimate the major components of the water budget on what we called a critical budget. We monitor meteorology, rainfall interception in two plots, overland flow and groundwater connectivity in a representative hillslope; and streamflow and velocity are measured in several small headwater rivers mostly starting during 2015. Geographic information on topography, land cover, geology, soil characteristics and