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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Personal Services, Operating <br />and Travel <br />Capital <br />Legal Services <br /> <br />$559,187 <br />2,290 <br />38.089 <br /> <br />Total $599,566 <br /> <br />Status of Construction Fund <br /> <br />In recent years the Construction Fund has essentially achieved a balance between <br />income and expenditures. As a revolving cash fund it has become a reliable source of <br />funding. <br /> <br />However, the level that the Fund is stabilized at, about $9M, will not allow significant <br />increase in activity, such as is essential to address the backlog of facilities under <br />restriction for dam safety reasons. We are losing our capacity to store and deliver water. <br /> <br />In 1986, the General Assembly enacted HB 1340 which was to provide a new infusion <br />of moneys to the fund beginning July 1, 1988, and ending July 1, 1990, for a total <br />appropriation of $27.5 million. Along with a subsequent reallocation of half of the funds <br />to a wildlife mitigation account, the transfer has been postponed every session since and <br />deferral is proposed again during the 1992 session. While the Board is fully aware of the <br />economic adversities affecting the state, and the attendant adverse effects on state <br />revenues which required the postponement, it is compelled to report that the effect is <br />that the identified needs for development and repair probably cannot be met. The <br />Board is also concerned that the construction fund is now used to support all of the <br />personal services and operating costs, as well as interstate compact dues and expenses, <br />previously supported by the General Fund. <br /> <br />We join the General Assembly in the expectation that economic conditions will <br />improve soon, because under current circumstances the Board's ability to safeguard <br />Colorado's water supply facilities cannot be assured with the level of current funding. <br /> <br />For its 1992 recommendations, the Board has sufficient unobligated funds to finance <br />its recommendations elsewhere in this report. Table 2 shows a current unobligated <br />balance of about $9M in the fund and about $1,700,000 from proposed project <br />deauthorizations. Total requests from the fund for 1992 are $11,578,000. <br /> <br />Recommendations on Statutory Guidelines for the Construction Fund <br /> <br />Since 1973 the Colorado Water Conservation Board Construction Fund has been a <br />vital tool in fostering and financing 112 water projects worth about $65,000,000. After <br />nearly twenty years of experience with the fund, the Board recognizes that water <br /> <br />-8- <br />