22a ‎(2)‎

• Board Meeting Date: 11/19/2008
• Description: CF Section - Estimate of Funds Available for New Projects in 2009 - CWCB Construction Fund - Loans and Non-Reimbursable Investments
• 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]
www.cwcb.state.co.us
Bill Ritter, Jr.
Governor
T0: Colorado Water Conservation Board Members
Harris D. Sherman
DNR Executive Director
FROM: Mike Serlet, P.E., Chief
Water Supply Planning and Finance Section Jennifer Gimbel
CWCB Director
DATE: November 7, 2008 Dan Mcauliffe
Deputy CWCB Director
SUBJECT: Agenda Item 22a, November 18-19, 2008 Board Meeting
Water Supply Planning and Finance Section
Estimate of Funds Available for New Projects in 2009
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, 2008. A total of approximately $43.8 million is projected as available
for Colorado Water Conservation Board operating expenses, non-reimbursable investments,
modifications to previous loan authorizations and new construction proj ect loans.
Discussion
Attached is a financial projection summarizing the FY2008-09 Construction Fund cash
available and projected expenses. Total revenue available for new projects and other expenses is
$43.8 million, projected expenses are $26.0 million, leaving a projected balance of $17.8 million.
This number includes loan and non-reimbursable investment projects presented at the November
Boar meeting.
Projected expenses for non-reimbursable investments are approximately $ 8.5 million.
The projection for money available for non-reimbursable investments is based on the difference
between the target and actual growth of the Construction Fund (Financial Policy # 13 attached).
The target growth rate of the Construction Fund establishes the basis for the calculation of this
year's available funds for non-reimbursable investments.
Water Supply Protection • Flood Protection • Stream ~ Lake Protection • Water Supply Planning & Finance
Water Conservation ~ Drought Planning ~ Intrastate Water Management & Development