BOARD01047

• Board Meeting Date: 7/24/2000
• Description: Severance Tax Trust Operational Account - Expenditure Approval
• Board Meetings - Doc Type: Memo

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STATE OF COLORADO

Colorado Water Conservation Board
Department of Natura! Resources
1313 Sherman Street, Room 721
Denver, Colorado 80203
Phone, [phone]
FAlC [phone]
www.cwcb.state.co.us

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MEMORANDUM

Bill Owens
Governor

TO:
FROM:
DATE:
RE:

Colorado Water Conservation Board Members
Dan McAuliffe ,,_-,
July 17, 2000 ~
Agenda Item 18 -- Severance Tax Trust Operational Account
Expenditure Approval

Greg E. Walcher
Executive Director

Dan McAuliffe
Acting Director

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The CWCB may annually request up to five percent of the funds in the State
Severance Tax Trust Fund Operational Account. These requests are forwarded to the
state Minerals, Energy and Geology Policy Advisory Board (MEGA) Board for review
and approval. The requests are then forwarded to the DNR Executive Director for review
and inclusion in the Department's annual budget request.

Beginning on July 1,2000 the CWCB has $585,000 available for expenditures in
Fiscal Year 2000-2001. The following is a description of the current projects we intend to
fund. We are now recommending that you approve the proposed expenditures so we
can commit the funds as requested.

During this fiscal year we intend to assess a three-percent "operating allocation"
to cover the administrative costs associated with the severance tax programs. This charge
will be assessed prior to funds being committed for a proj ect.

Statewide Water Planning

1. Regional Planning Meetings/Watershed Planning

Grantee/Contractor: CWCB

Amount of request: $40,000

Description: The CWCB's local water basin planning efforts began in 2000, Meetings
are being scheduled and local water basin planning fact sheets were produced. Updating
the information in the fact sheets and holding meetings is expected to continue in this
fiscal year. This information will be transferred to the Internet and updated annually.
Additional products, like specific basin instream flow fact sheets, will be produced as by-
products and made available in hard copy and on the Internet.

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Flood Protection. Project Planning & Finance. Stream & Lake Protection.
Water Supply Protection. Conservation Planning