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Executiue Summary <br />budgets are made at completely different times of the year by the different levels of government. <br />The funding options mentioned above are included in detail in Section Four, and a summary of <br />the results of this analysis is included below. <br />This State Plan is intended to be a comprehensive and living document that can be used as a <br />guidance tool for the CWCB's flood mapping program regardless of future technological <br />advances, shifts in policy guidance, or changes in funding level. While the authors of this Plan <br />acknowledge that there is no way to create a document that can account for all unforeseen future <br />events, an attempt has been made to create a document that addresses a variety of options that <br />may at some point be available for the CWCB's flood mapping program. Through this Plan it is <br />envisioned that the goal of providing digital, high quality, accurate, up-to-date, and <br />geographically comprehensive flood hazard information to residents of Colorado will be <br />achieved, while concurrently working with FEMA to meet their performance goals. A <br />cooperative effort designed to simultaneously meet local, state, and federal goals will assist in <br />making Map Modernization a success. <br />The CWCB requests funding for the Medium funding level, at a minimum, that would allow the <br />State to develop accurate and up-to-date DFIRM's and perform much needed site specific <br />hydrologic/hydraulic studies within the counties being re-studied. Map revision studies have <br />been identified and requested by various communities within the State and the CWCB supports <br />the need for more accurate and up-to-date flood hazard information. The CWCB would heartily <br />endorse a Full funding level ($59 million for five years), but currently it appears unlikely that <br />FEMA would provide 80% of that, an average of $9.4 million per year for each of the next five <br />years. Instead, CWCB requests Medium funding, with an 80% FEMA share of the total of $33.5 <br />million, resulting in an average of $5.4 million of FEMA funds per year. That level of funding <br />will ensure that all counties in Colorado will have digital maps and 50% of the hydrologic and <br />hydraulic (H&H) engineering needs in Colorado will be addressed. As a comparison, actual FY <br />' 03 funding, includin~ the local and state shares, has been approximately $1.5 million. To <br />ensure Map Modernization success in Colorado, a substantial increase in funding will be needed, <br />starting in Fiscal Year 2004. <br />Colorado Business Case Plan (Final Draft) ES-3 <br />