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Background <br /> • For this agenda item the Board is provided with a brief overview of applications to the Water Supply <br /> Reserve Account(WSRA). Attachments to this memo include: <br /> • Summary spreadsheet detailing funding requests for the basin and statewide accounts; <br /> • Water Activity Summary Sheets which provide an overview, discussion, issues/additional <br /> needs, and staff recommendation regarding funding,partial funding, or not funding the <br /> applications; and <br /> Staffs review of the applications involves the following steps: <br /> 1) Applications are reviewed for completeness based on the information requirements, which <br /> are primarily outlined in Part 2 of the Criteria and Guidelines (C&G). <br /> 2) Applications are reviewed to verify that the water activity meets the eligibility requirements <br /> in Section 39-29-108 (III) C.R.S. (C&G,Part 2) and the threshold criteria,which are based <br /> on the requirements of Section 39-29-108 (III) C.R.S., and two sections of the Water for the <br /> 21st Century Act(House Bill 1177); Section 37-75-102 and Section 37-75-104(2)(c) (C&G, <br /> Part 3). Staff also verifies that the applicant is an eligible entity to receive funding(C&G, <br /> Part 2). <br /> 3) Staff then prepares the Water Activity Summary Sheet which documents the outcome of the <br /> review process and contains staffs recommendations. <br /> Water Supply Reserve Account Balance Summary and Project Status Report <br /> To provide the Board updates on the status of specific Water Supply Reserve Account grant <br /> applications and projects, staff provides a status report in the CWCB Director's Report. The WSRA <br /> status report includes the following information: <br /> • List of completed WSRA projects; <br /> • • List of WSRA projects in progress; and <br /> • List of WSRA projects in the contracting and procurement process. <br /> • <br /> • <br /> • <br /> 2 <br />