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<br />.. <br />,- <br /> <br />:e <br /> <br />" <br /> <br />e <br /> <br />e <br /> <br />STATE OF COLORl\DO <br /> <br />Q <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX: 1303) 866-4474 <br />www.cwcb.state.co.us <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWeB Director <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Mike Serlet, P.E. /)} r <br />Chief, Water Su{P~anning and Finance Section <br /> <br />FROM: <br /> <br />DATE: November 9, 2001 <br /> <br />SUBJECT: Agenda Item 18b, November 19-20, 2001 Board Meeting <br />Water Supply Planning and Finance <br />Severance Tax Trust Fund Perpetual Base Account <br />Estimate of Funds Available for New Projects in 2002 <br /> <br />Introduction <br />This financial information is for the Board's use in evaluating the availability of <br />additional funds from the Severance Ta~ Trust Fund Perpetual Base Account for new <br />loans to finance future water proj ects. <br /> <br />Backl!round <br />The information for the Severance Tax Trust Fund Perpetual Base Account is <br />based on the closing reports for the fiscal year ended June 30, 2001. A total of <br />$27,107,346 is projected as available for modifications to previous loan authorizations <br />and new construction project loans in 200:2. <br /> <br />Discussion <br />Attached is a financial projection summarizing the FY 2001-02 Severance Tax <br />Trust Fund Perpetual Base Account cash available and projected expenses. Total <br />unreserved cash available for new projects and other expenses is $27,107,346. Projected <br />expenses are $26,000,000, leaving a projected balance of $1,107,346. This number <br />includes loan projects presented at the November Board meeting. <br /> <br />Conclusion <br />As of the date of this memo, it appears sufficient cash will be available to fund the <br />applications shown on the attached list. <br /> <br />Attachments <br /> <br />A vailable.doc <br /> <br />agenda item 18b - STFunds <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and lake Protection <br />Water Supply Protection. Conservation Planning <br />