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<br />K. <br /> <br />t <br />e <br /> <br />e <br /> <br />e <br /> <br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Sherman Street, Room 721 <br />Denver, Colorado 80203 <br />Phone, (303) 866.3441 <br />FAX, (303) 866-4474 <br /> <br />e <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E.Walcher <br />Executive Director <br /> <br />Peter H. Evans <br />CWCB Director <br /> <br />TO: <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />FROM: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Mike Serlet, Chief, Water Supply Planning and Finance SectioiVjJ <br /> <br />May 16, 2000 <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Agenda Item 14a - May 22-23, 2000, Board Meeting <br />Water Supply Planning and Finance <br />Comprehensive Annual Financial Report - Scope of Work <br /> <br />Introduction <br /> <br />The Board, at their November 23, 1999 meeting, recommended to the General <br />Assembly that an account be created in the eWCB Construction Fund to fund expenses <br />associated with a three to five year program of providing comprehensive annual financial <br />reports of the Construction Fund and Severance Tax Trust Fund Perpetual Base Account <br />(STTFPBA) by an independent accounting firm, Staff offered to prepare an audit <br />program scope of work for Board review prior to issuing a request for proposal from <br />qualified accounting firms, <br /> <br />Background <br /> <br />Included in HB 00-1419, the CWCB Construction Fund annual Projects Bill, is <br />SECTION 14 that appropriates $200,000 from the CWCB Construction Fund for the <br />CWCB to annually conduct a financial audit of the Construction Fund and STTFPBA. <br />The moneys shall remain available for this purpose until they are exhausted. <br />