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Background <br />During this agenda item the Board will be provided with a brief overview of the six applications <br />that are requesting money from the Water Supply Reserve Account (WSRA). Attachments to <br />this memo include: <br />Summary spreadsheet and pie charts summarizing funding requests and summarizing to date <br />activities for the basin and statewide accounts; <br />Water Activity Summary Sheet which provides an overview, discussion, issues/additional <br />needs and staff recommendation regarding funding, partial funding, or not funding the <br />applications; and <br />Copies of the full applications, Basin Roundtable approval letters and any supporting <br />documentation provided by the applicants. <br />Staff's review of the applications involved the following procedures and steps: <br />1) The applications were reviewed for completeness based on the information requirements, <br />which are primarily outlined in Part 2 of the Criteria and Guidelines. <br />2) The applications were reviewed to verify that the water activity met the eligibility <br />requirements in Section 39-29-108 (III) C.R.S. (also outlined in Part 2 of the Criteria <br />and Guidelines) and the threshold criteria, which are based on the requirements of <br />Section 39-29-108 (III) C.R.S., and two sections of the Water for the 21st Century Act <br />(House Bill 1177); Section 37-75-102 and Section 37-75-104(2)(c) (see Part 3 of the <br />Criteria and Guidelines). Staff also verified whether that the applicant was an eligible <br />entity to receive funding (see Part 2 of the Criteria and Guidelines). <br />3) This funding cycle only provided for funding from the Basin Accounts. Therefore, staff <br />did not need to review the applications for conformance with the evaluation criteria. <br />4) Staff then prepared the Water Activity Summary Sheet which documents the outcome of <br />the review process and contains staff's recommendations. <br />2 <br />