BOARD00938

• Board Meeting Date: 11/19/2001
• Description: CF Section - Estimate of Funds Available for New Projects in 2002
• Board Meetings - Doc Type: Memo

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STATE OF COLORADO

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Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
www.cwcb.state.co.u5

BilfOwens
Governor

MEMORANDUM

Greg E. Walcher
Executive Director

Rod Kuharkh
eWeB Direetor

Dan McAuliffe
Deputy Director

TO:

Colorado Water Conservation Board Members

Mike Serlet, P.E., ~j r
Chief, Water Sup~ff1awing and Finance Section

FROM:

DATE: November 9, 2001

SUBJECT: Agenda Item 18a, November 19-20, 2001 Board Meetiug
Water Supply Planning llnd Finance
CWCB Construction FUIld
Estimate of Funds Avaihtble for New Projects in 2002

Introduction
This financial information is for the Board's 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 investments.

Backe:round
The information for the CWCB CDnstruction Fund is based on tlie closing reports
for the fiscal year ended June 30, 2001. A. total of $33,500,000 is projected as available
for modifications to previous loan authorizations and new construction project loans. Of
that total, $15,461,656 is llvailable at the Board's discretion for other ilon-reimbursable
investments in 2002.

Discussion
Attached is a financial projection summarizing the FY2001-02 Construction Fund
cash available and projected expenses. Total unreserved cash available for new projects
and other expenses is $33,500,000, projected expenses are $21,270,500 leaving a
projected balance of $12,229,500. This number includes 10an and non-reimbursable
investment projects presented at the November Board meeting. Projected expenses for
non-reimbursable investments are $9,873,500 leaving a projected balance of$5,588,156.

Conclusion
As of the date ofthis memo, it appears sufficient cash will be available to fund the
applications shown on the attached list.

A vailable,doc

NovOI ileml8a CFFunds

Flood Protection. Water Project Planning and Financing. Stream and Lake Protection
Water Supply Protection. Conservation Planning