SPWRAP Agenda Northern Water - Laserfiche WebLink

Home Browse Search

SPWRAP Meeting Minutes April 17, 2008 5. FINANCE COMMITTEE UPDATE The balance in the money market account is large enough to warrant placing a portion of the funds into another secure investment option. At a previous meeting, Colorado Trust was mentioned. The finance committee (Dennis Harmon and Greg Dewey) still needs to research this option. Dennis has contacted some accounting firms for proposals to do a third -party audit, not to be done by SPWRAP, Inc. board or the accounting firm we currently use for financial reporting. 6. 2008 OBJECTIVES FOR SPWRAP — WORK PLAN Three focus areas within the work plan have been discussed at previous meetings. These three areas are related to Finance, Administration / Membership and Policy / Political. A fourth focus area relates to the Operating Committee, which was the focus of this update. Alan Berryman mentioned that Colorado is diligently conducting work to complete its initial depletions report for the Program, which is due at the end of 2008. Additional information was presented to the Governance Committee in the form of a memorandum, dated March 31, 2008. A copy of this memorandum was distributed and will be made available on the SPWRAP website. 7. OPERATING COMMITTEE UPDATE In accordance with a request from Lisa Darling at the previous SPWRAP meeting, Jon Altenhoffen provided a report on activities of the Operating Committee. The Operating Committee met on March 20, 2008 to discuss water accounting and planning. Present for all or parts of the meeting were: Caren Aguilar, Jon Altenhoffen, Alan Berryman, Greg Dewey, Joe Frank, Kenny Fritzler, Jim Hall and Ted Kowalski. Of foremost importance is the development of Colorado's Initial Water Projects Plan. There is potential to produce additional recharge credits if the Tamarack recharge wells are pumped during April and May. SPWRAP is responsible for the operating and maintenance costs for the Tamarack recharge wells. MOTION: Dennis Harmon moved that the board approve payment of up to an additional $60,000 to cover pumping costs of the Tamarack wells through May 2008. Randy Rhodes seconded the motion and it was approved unanimously by the directors present. 8. UPDATE ON PLATTE RIVER RECOVERY IMPLEMENTATION PROGRAM ACTIVITIES Colorado Senate Bill 168, the funding from the Species Conservation Trust Fund, is still alive and making its way through committees. The federal bill which authorizes a federal appropriation of money to the program is also moving along in the United States Congress. There was some discussion about how to handle depletions on federal lands. No resolution was reached. DRAFT Page 2 of 3