5 ‎(3)‎

• Board Meeting Date: 5/19/2009
• Description: IWMD Section - Water Supply Reserve Account ‎(WSRA)‎ Criteria and Guidelines
• Board Meetings - Doc Type: Memo

Revised July 8 10 , 2009
Role of the Basin Roundtables (BRT): The term Basin Roundtable shall mean those
roundtables established pursuant to Section 37-75-104 C.R.S.
Implement outreach and public education regarding the existence and use of the Account.
Approve water activities that are to be recommended to CWCB for funding. The
approving BRT shall be the roundtable for the basin in which the proposed water
diversion or nonstructural activity would occur.
Provide input and comment to the CWCB and IBCC for the annual review of these
criteria and guidelines.
Role of the CWCB:
Jointly (with the IBCC) develop criteria and guidelines for allocating funds from the
Account.
Annually review information regarding the Account.
In October of each year jointly (with the IBCC) consider and make any necessary
revisions to these criteria and guidelines.
Implement outreach and public education regarding the existence and use of the Account.
The CWCB in conjunction with the IBCC and BRTs will work to ensure a high level of
awareness of the existence of the Account and the process to apply for funds. This effort
will include but is not limited to: notice and discussion at roundtable meetings; inclusion
of relevant information on the CWCB website ; press releases; promotion at workshops;
public meetings, and conferences.
Ensure that the Account is managed consistently with state statutes, applicable state fiscal
rules, and the IBCC and CWCB jointly developed criteria and guidelines.
Review applications and allocate monies from the Account based on recommendations
from the BRTs in accordance with the IBCC and CWCB jointly developed criteria and
guidelines.
Enter into contracts with the selected entities and ensure that the water activity identified
in the application and work plan is implemen ted within the time and budget identified in
the application.
Ensure that sound fiscal, fiduciary and accounting practices are implemented. CWCB
staff will handle the day-to-day administration of the Account. This effort includes but is
not limited to: notification to successful and unsuccessful applicants; review of requests
for payment, disbursement and tracking of payments, tracking project progress, ensure
proper documentation of completed project/water activity; and preparation of an annual
report of activities and expe nditure from the Account.
Payment – Payment will be made based on actual expenditures and invoicing by the water
activity sponsor. The request for payment must include a description of the work
accomplished by major task, and estimate of the percent completion for individual tasks and
the entire water activity in relation to the per centage of budget spent, identification of any
major issues and proposed or implemented corrective actions. The last 5 percent of the entire
water activity budget will be withheld until final project/water activity documentation is
completed.
5 16
Page of