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<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 />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Mike Serlet, P.E. ./1/ J <br />Chief, Water sup;17P~ing and Finance Section <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />FROM: <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />DATE: November 15,2002 <br /> <br />SUBJECT: Agenda Item 17a, November 25-26, 2002 Board Meeting <br />Water Supply Planning and Finance <br />CWCB Construction Fund <br />Estimate of Funds Available for New Projects in 2003 <br /> <br />Introduction <br />This financial information is for the Board's use in evaluating the availability of additional <br />funds from the Construction Fund for new loans to finance future water projects and for other non- <br />reimbursable investments. <br /> <br />Background <br />The information for the CWCB Construction Fund is based on the closing reports for the <br />fiscal year ended June 30, 2002. A total of$35,100,000 is projected as available for modifications to <br />previous loan authorizations and new construction project loans. Of that total, $11,637,546 is <br />available at the Board's discretion for other non-reimbursable investments in 2003. <br /> <br />Discussion <br />Attached is a financial projection summarizing the FY2002-03 Construction Fund cash <br />available and projected expenses. Total unreserved cash available for new projects and other <br />expenses is $35,100,000, projected expenses are $34,918,000 leaving a projected balance of <br />$182,000. This number includes loan and non-reimbursable investment projects presented at the <br />November Board meeting. Projected expenses for non-reimbursable investments are $6,054,000. <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 />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />