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Finance Committee Meeting 2009
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Finance Committee Meeting 2009
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8/18/2014 1:33:12 PM
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Board Meetings
Board Meeting Date
9/15/2009
Description
Finance Sub-Committee Meeting September 15, 2009
Board Meetings - Doc Type
Meeting
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Water Project Construction Program- Project Data <br /> Non-Reimbursable Investment <br /> Grantee: Colorado Water Conservation Board County: Statewide <br /> Project Name: Colorado Flood Response Program Fund <br /> Project Type: Program Funds for post event floodplain mapping, flood forecasting, aerial <br /> photography, flood mitigation and flood documentation <br /> Drainage Basin: All River Basins in Colorado Water Source: N/A <br /> Total Project Cost: $300,000 Funding Source: CWCB Const. Fund <br /> Type of Grantee: State Government Median Household income: N/A <br /> CWCB Non-Reimbursable Inv.: $300,000 (refresh up to) Interest Rate: N/A Term: N/A <br /> The CWCB and General Assembly authorized $150,000 for the Flood Response Program Fund <br /> (Fund) in the 2001 Construction Fund Bill. The Fund was created to give the CWCB the ability to <br /> quickly respond to events and have program funds for: flood documentation, flood forecasting and <br /> outlooks, post event floodplain mapping, aerial photography, and flood mitigation. This amount was <br /> increased in the 2007 Construction Fund Bill to $300,000 to reflect the increased cost of performing <br /> existing functions plus the added services. Previous separate accounts for the added services were <br /> rolled into the Fund for the sake of efficiency and accountability. <br /> The current request is to once again refresh the Fund up to $300,000 for FY 10/11 for: 1) <br /> preparation of flood documentation reports for actual events, 2) contract with consulting firms for <br /> 110 flood forecasting and weather outlooks during the spring/summer flood season,plus a web-based <br /> daily flood threat bulletin, 3) ongoing work and increased demand for evaluating and producing <br /> 100-year flood and debris flow hazards in areas affected by natural disasters, 4) assist in flood <br /> mitigation activities in communities where flood loss reduction is needed, and 5) develop on-call <br /> services for digital/aerial imagery and mapping for post-flood documentation/flood hazard <br /> identification. Staff recently added capabilities to enhance the NWS products and to provide <br /> regional flood outlooks. There is a growing need to re-evaluate flood hydrology, hydraulics, and <br /> levees for use in floodplain studies across as well. There have not been large flood disasters <br /> recently, so Staff has responsibly used the Fund to keep funds in reserve as needed and <br /> recognizes that the fully authorized amount would be used during major flood years. <br /> Recent Fund expenditures included tasks relating to flood research, flood forecasting, flood <br /> documentation, operating expenses for flood response activities, landslide related flood monitoring, <br /> flood mitigation and preparedness activities, and design for emergency flood preparations. The <br /> total expenditures since FY06 are $550,000. The remaining funds were not used in order to leave <br /> funds in reserve in the event that a major flood took place, which didn't happen during this time. <br />
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