9A

• Board Meeting Date: 1/22/2008
• Description: CF Section - Estimate of Funds Available for New Projects - Construction Fund
• Board Meetings - Doc Type: Memo

STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
Fax: [phone]
wuu-. c~vcb. state. co. us
Bill Ritter, Jr.

TO: Colorado Water Conservation Board Members Governor
Harris D. Sherman
DNR Executive Director
FROM: Mike Serlet, P.E., Chief
Water Supply Planning and Finance Section Jennifer L. Gimbel
cwcB Direatar
DATE: January 14, 2008
SUBJECT: Agenda Item 9a, January 22-23, 2008 Board Meeting
Water Supply Planning and Finance Section
Estimate of Funds Available for New Projects in 2008
CWCB Construction Fund -Loans and Non-Reimbursable Investments
Introduction
This financial information is for the Board's use in evaluating the availability of
additional funds from the Construction Fund for new loans to finance future water projects and
for other non-reimbursable investments.
Background
The information for the CWCB Construction Fund is based on the closing reports for the
fiscal year ended June 30, 2007. A total of approximately $39 million is projected as available
for Colorado Water Conservation Board operating expenses, non-reimbursable investments,
modifications to previous loan authorizations and new construction project loans.
Discussion
Attached is a financial projection (updated from the November Board meeting)
summarizing the FY2007-08 Construction Fund cash available and projected expenses. Total
revenue available for new projects and other expenses is $39.1 million, projected expenses are
$37.4 million, leaving a projected balance of $1.7 million. This number includes loan and non-
reimbursable investment projects presented through the January Board meeting.
Conclusion
As of the date of this memo, it appears sufficient cash will be available to fund the
applications shown on the attached list.
Water Supply Protection • Flood Protection • Stream & Lake Protection • Water Supply Planning & Finance
Water Conservation & Drought Planning • Intrastate Water Management & Development