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
PART 2
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 uncom mitted
(not under contract) monies remaining in any Basin Account will be transferred to the Statewide
Account.
The table below 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 5.8 million $ 6 10 million
Transfers
Statewide $5.5 million available $4.2 million added to $7.3 million added $ 7.3 4.2 million TBD
Account (after transfer of any remaining balance to any remaining added to any
$4.5 million to basin (transfer additional $1.8 balance remaining balance
accounts) million to basin
accounts)
Basin $4.5 million $1.8 million $2.7 million $ 2.7 1.6 million TBD
Account(s) ($500K/basin) ($200K/basin) ($300K/basin) ($ 300K 173K /basin)
Notes:
Monies from the Statewide Account will be allocated in March May 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 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 upcoming Fiscal Year 2010 - 11 at their
annual October 2009 meeting.
SB09-293 provided for a reduction of funds for Fiscal Year 2009-10 from $10,000,000 to $5,770,000 and is subject to the
transfer of funds to the WSRA accounts.
Allocation of funds between Basin and Statewide Accounts: On July 1, 2009, $ 300,000 will be
allocated to each Basin Account ($2.7 million total) and the remaining $7.3 million will be
allocated to the Statewide Account . If the annual funding is other than $1 0,000,000, the The
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