BOARD00039

• Board Meeting Date: 5/19/2003
• Description: CF Section - Financial Matters Reversal of Residual Project Funds - Non-Reimbursable Investments and Loans
• Board Meetings - Doc Type: Memo

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STATE OF COLORADO

Colorado Water Conservatiotl Board

Department of Natural Resources
1313 Sherman Street, Room 721
Denv""" Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.us

Bill Owens
Governor

MEMORANDUM

Greg E. Walcher
Executive Director

Rod Kuharich
CWCB Director

DanMcAuJi1fu
Deputy Director

TO:

Colorado Water Conservation Board Members

FROM:

Mike Serlet, P.E., Chief,
Water Supply Planning and Finance Section

DATE:

May 9, 2003

SUBJECT: Agenda Item #22a-b - May 19-20, 2003, Board Meeting
Water Supply Planning and Finance Section - Financial Matters
Reversal of Residual Project Funds - Non-Reimbursable Investments and Loans

Introduction

When a project from the Construction Fund is completed, de-authorized, or amended,
residual or unused funds sometime remain in the project account. These encumbered project funds
must be un-encumbered or reversed back into the unreserved cash balance of the Construction Fund
by the Department of Natural Resources (DNR) Controller's Office or they cannot be used for other
purposes,

Background

The attached two lists, one of grants and non-reimbursable investments and the other of
project loans and feasibility studies, document projects that have been completed with residual or
unused funds remaining from the original appropriated amounts. These funds have remained
encumbered by the DNR Controller and consequently have not been made available for new water
project loans or non-reimbursables.

Discussion

Flood Protection. Water Supply PIanning and Finance. Stream and Lake Protection
Water Supply Protection. Conservation and Drought Planning