PUB00059

• Year: 1995
• Title: Construction Fund Annual Report 1995
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1995
• Publications - Doc Type: CF Annual Report

2.8 Small Project Loan Account

In 1994 through SB94-029, the General Assembly created the Small Project Loan Account.
A total of $2.0 million was set aside for loans of $100,000 or less. The CWCB was empowered
to authorize these loans at any time during the year without waiting to submit these projects for
General Assembly approval during the legislative session. There were no loans made from the
Small Project Account in FY94-95 and the full $2.0 million is available.

2.9 Publications Account

In 1994 through SB94-029, the General Assembly created the Publications Account within the
Construction Fund. A starting balance of $5,000 was transferred into the account. Fees were
established by the Board to recover costs for disseminating data and to be able to recover costs
for minor expenses such as photocopying, The balance in the account was $5,312 on June 30,
1995.

2.10 Arkansas River Augmentation Loan Account

HB 95-1155 created the Arkansas River Augmentation Loan Account in the Construction
Fund. A total of $1.5 million was transferred into the account. Distributions have been made to
the Lower Arkansas Water Management Association (LA WMA). The balance of the Arkansas
River Account was $985,667 on June 30, 1995.

2.11 Litigation Account

Under certain conditions, the Board is authorized to expend up to $4.0 million from the
Litigation Account for litigation in support of water users whose water supply yield may be
diminished as a result of conditions imposed by any federal agency on permits for existing
reservoirs located on federal lands. The balance of the Litigation Account was $4,000,000 on
June 30, 1995.

2.12 Construction Fund Audit Recommendations

In February 1993, the Office of the State Auditor completed its performance audit of the
Colorado Water Conservation Board's Construction Fund as requested by the Department of
Natural Resollrces. The audit wa's conducted pursuant to Section 2-3-103, CRS, which authorizes
the State Auditor to conduct performance audits of state agencies. Seven" recommendations were
made in the areas of project planning, financial planning, and administration of the project
approval process. A general overview of action taken in response to the audit recommendations
is summarized in the following table.

CWCB Annual Report, page 10

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