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<br />. <br /> <br />. <br /> <br />. <br /> <br />Part A of this memo summarizes the spending plan for the current Fiscal Year 2002 - 2003 given the <br />limited funding, Part B of this memo summarizes the changes proposed to the spending plan for Fiscal <br />Year 2003 - 2004, Part C of this memo will outline the requests we have received (our application <br />deadline was January 31,2003) and have reviewed internally to share with the MEGA Board when it <br />meets in Mayor June, The proposals have been prioritized due to the limited amount of projected <br />funding, Depending on the review by the MEGA Board and the Executive Director, these requests may <br />have to befurther prioritized and/or reduced, <br /> <br />Attachment A to this memo details the Severance Tax Distribution Process, Attachment B to this memo <br />is a list ofthe Fiscal Year 2004 -2005 proposed projects and their respective ranking, <br /> <br />A. Current Year Funding Changes <br /> <br />The following table illustrates our current severance tax expenditure plans, Thus far, with a few <br />exceptions, the programs and projects are being implemented as planned. <br /> <br />CWCB - Severance Tax Trust Fund - Operational Account - Fiscal Year 2002 - 2003 <br /> <br />Projects <br /> <br />Project Allocation <br /> <br />Water Supply Protection Program <br />Regional and Watershed Planning <br />Coalbed Methane Technical Studies <br />Groundwater Atlas <br /> <br />$50,000 <br />$60,000 <br />$80,000 <br /> <br />Water Supply Planning and Finance Program <br />Diversion Structure Inventory <br /> <br />$60,000 <br /> <br />Stream & Lake Protection Program <br />Instream Flow Planning and Management <br /> <br />$110,000 <br /> <br />Water Conservation Planning Program <br />Water Education Projects <br />Drought Planning <br /> <br />$50,000 <br />$30,000 <br /> <br />Flood Protection Program <br />Grand Junction Drainage District Master Plan <br />Poudre River Floodway Improvements <br />Multi-Objective Projects <br />Fountain Creek Watershed Plan <br /> <br />$75,000 <br />$20,000 <br />$30,000 <br />$20,000 <br /> <br />GRAND TOTAL <br /> <br />$585.000 <br /> <br />B. Fiscal Year 2003 - 2004 Changes <br /> <br />Below is a list of projects and the allocated funds for Fiscal Year 2003-2004. The allocation is based on <br />a presumption that our portion of Severance Tax Revenue from the Operational Account will be limited <br />to $585,000. Our original proposal to spend $1.5 million was based on a presumption that our five- <br />percent share would be available, Our full five-percent share would have been approximately $1.5 <br />million, The Board approved the prioritization of these projects in March 2001. <br /> <br />2 <br />