BOARD00798

• Board Meeting Date: 1/27/1999
• Description: CF Section - Review of Estimate of Funds Available for New Projects in 1999
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1 313 Sherman Street
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

STATE OF COLORI\DO

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Bill Owens
Governor

Greg E. Walcher
Executive Director. DNR

Peter H. Evans
Acting Director, CWCB

MEMORANDUM

TO:

Colorado Water Conservation Board Members

William P. Stanton, P.E. ~
Chief, Project Planning and Construction Section

FROM:

DATE:

January 19, 1999

SUBJECT: Agenda Item lOa, January 27-28, 1999 Board Meeting-
Water Project Construction Loan Program-
Review of Estimate of Funds Available for New Projects in 1999

This fmancial information is for your use. in evaluating the availability of additional funds
from the Construction Fund for new loans to finance future water projects and for other non-
reimbursable expenses.

At the November 1998 meeting in Denver, staff provided the Board with financial
information for the CWCB Construction Fund and the Severance Tax Trust Fund Perpetual Base
Account based on the closing reports for the fiscal year ended June 30, 1998. A total of $40.5
million was projected available from both sources for modifications to previous loan
authorizations, new construction project loans, and other non-reimbursable expenses in 1999. The
Board subsequently recommended $14.3 million in prior approved loans be de-authorized and
recommended new loans and other expenses of $24.8 million.

A revised financial statement is attached. At the January meeting, staff will be
recommending another $14.0 million in new loans and other expenses. As of the date of this
memo, total projected expenses are $38.8 million leaving a projected balance of $1.7 million.
Thus it appears sufficient cash will be available to fund the applications shown on the attached list.

Attachments

L:\BOARDMEM\JAN99\lOa - Funds Available

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