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Grants from the Account have also provided the <br />means to conduct study/design work and project <br />implementation. Figures 4, 5 and 6 show how the <br />Account has supported both study/design and <br />implementation aspects of water projects. <br />$5,000,000 <br />$4,ooo,oao <br />$3,000,000 <br />$Z,ooo,oao <br />$1,000,000 <br />$o <br />Figure 4. Total Funds for Consumptive Use Projects for <br />Study/ Design and Implementation <br />$2,000,000 <br />$1, 500,000 <br />$1,000,000 <br />$soo,ooo <br />$o - <br />Figure 5. Total Funds for Nonconsumptive Projects for <br />Study/ Design and Implementation <br />$~,ooo,ooo <br />$6,000,000 <br />~s,ooo,ooo <br />$4,000,000 <br />$3,000,000 <br />$2,000,000 <br />$1,000,000 <br />$o <br />Figure 6. Total Funds for Multi-Purpose Use Projects for <br />Study/ Design and Implementation <br />Observations <br />The Water Supply Reserve Account Program has <br />been a tremendous success. The Account has <br />funded a mix of consumptive and nonconsumptive <br />water projects and promoted multi-purpose <br />projects throughout the state. The Account is <br />integral to meeting our water supply needs with <br />funding that was not available until the passage of <br />the legislation. <br />The annual review of the Criteria and Guidelines <br />allow for program adjustments. While specific <br />changes have not been needed to date, a few <br />trends are emerging. <br />~ A number of requests have been for treated <br />water distribution systems. Cut backs of <br />financial resources for treated water projects <br />have increased the attractiveness of the <br />Account. It will be important to ensure that <br />significant funding is directed to raw water <br />supply projects as these are priority for CWCB. <br />~ Few structural water storage projects have been <br />completed. This is likely due to the timing, <br />complexity, and funding issues associated with <br />multimillion dollar projects. It will be important <br />to ensure the seed money provided from the <br />Account helps leverage funding for project <br />completion in addition to funding studies and <br />project design. <br />~ The complexities of project scoping, financial <br />accountability, and monitoring activities remain <br />a challenge. At the local level there is a need to <br />work with applicants on preparing a detailed <br />project plan, budget, and schedule. At the state <br />level, given the tremendous growth in the <br />number of applications, project monitoring has <br />been limited. The CWCB is in the process of <br />addressing these issues. <br />^~t~; { t i <br />-~'~ - ~~,~ <br />c ` J <br />a ~` ~ <br />~ <br />~ ~ <br />. c~ > ~ ~ <br />` _.. ~ 6 <br /># 4 <br />9 ~ ~~ ; 8 <br />ct~~c~a~rac~ <br />~~ <br />I?F:l'Al~l~°~kN l' C)F <br />~JATURAL <br />1tE5~U1ZCES <br />Sustaining Mineral Severance Tax <br />Funding - Vital for Ongoing Success <br />Colorado has at least $3 billion in funding needs for <br />water supply and water management projects. The <br />mineral severance tax fund was established to help <br />local communities offset the impacts of extracting <br />nonrenewable resources. The distribution formula <br />for severance tax emphasizes water supply in order <br />to provide a renewable resource - water- to help <br />offset the impact from extractive natural resource <br />development. The WSRA furthers this objective by <br />helping to provide an adequate water supply for <br />Colorado's citizens and environment. <br />Study/Design Implementation <br />Study/Design Implementation <br />Study/Design Implementation <br />