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• Board Meeting Date: 11/18/2008
• Description: IWMD Section - Water Supply Reserve Account - Amendments to the WSRA Criteria and Guidelines
• Board Meetings - Doc Type: Memo

Revised November 7, 2008
Grant and Loan Program Eligibility and Application Process
Overview of the Account and Fund Management
To help ensure opportunities for BRTs to seek funding in an orderly fashion and at the same time
to encourage competitive water activities from ever y river basin the CWCB will administer two
accounts. There will be a Statewide Account that wi ll be used to fund water activities from any
roundtable on a competitive basis based on the eligibility requirements in this section and the
threshold and evaluation criteria outlined in Part 3 of this document. There will also be Basin
Accounts for each of the 9 roundtables. The Basin Accounts will be used to fund water activities
from the designated BRTs based on the eligibility requirements in this section and the threshold
criteria outlined in Part 3 of this document. It is important to emphasize that funds for the Basin
Account are reserved for the roundtables until January 2010. In January 2010 any uncommitted
(not under contract) monies remaining in any Basin Account will be transferred to the Statewide
Account.
The table on the following page summarizes the funding and cash management strategy to be
used to administer the Account.
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State Treasurer $10 million $6 million $10 million $10 million $6 million
Transfers
Statewide $5.5 million available $4.2 million added to any $7.3 million added $ 7.3 10 million $6 million TBD
Account (after transfer of remaining balance to any remaining added to any
$4.5 million to basin (transfer additional $1.8 balance remaining
accounts) million to basin accounts) balance
Basin $4.5 million $1.8 million $2.7 million $2.7 million TBD
Account(s) ($500K/basin) ($200K/basin) ($300K/basin) ($300K/basin)
Notes:
Monies from the Statewide Account will be allocated in March and September of each year based on the eligibility
requirements and threshold and evaluation criteria outlined in this document.
Monies from the Basin Accounts will be allocated at the Co lorado Water Conservation Board’s (CWCB’s) bimonthly Board
meetings based on the eligibility requirements and threshold criteria outlined in this document.
The cumulative maximum funds available from the Basin Accounts is $9 million with $1 million available per roundtable.
The cumulative funds available from the Statewide Account is $33 million.
The above cash management schedule will remain flexible to ensure that funds are available for water activities. The CWCB
will strive to ensure that funding is available for each funding cycle, while at the same time addressing applications to fund
water activities.
In January 2011 any uncommitted (not under contract) monies remaining in any Basin Account will be transferred to the
Statewide Account.
On June 30, 2011 any uncommitted (not under contract) monies remaining in the Statewide Account will revert back to the
Operation Account of the Severance Tax Fund.
The WSRA Subcommittee will decide how to allocate funding appropriated for the Fiscal Year 2010-11 at their October 2009
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meeting.
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Allocation of funds between Basin and Statewide Accounts: On July 1, 2009, $300,000 will be
allocated to each Basin Account ($2.7 million to tal) and the remaining $7.3 million will be
allocated to the Statewide Account. If the annual funding is other than $10,000,000, the
Statewide Account will receive 73% and the aggr egate Basin Accounts will receive 27%. The
subcommittee agreed to revisit this item each year.
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