BOARD01638

• Board Meeting Date: 1/27/1999
• Description: CF Section - STTFOA
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone: (3D)} 866-3441
FAX: [phone]

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Bill Owens
Governor

Greg E. Walcher
Executive Director, DNR

Peter H. Evans
Acting Director, ewes

MEMORANDUM

TO:

Colorado Water Conservation Board Members

William P. Stanto~,p. E. ~'
Chief, Project Planning and Construction Section

FROM:

DATE:

January IS, 1999

SUBJECT:

Agenda Item 11, January 27-28, 1999 Board Meeting-
Severance Tax Trust Fund Operational Account

Introduction

This memo is a general update on, the progress of all studies and investigations funded by the
Severance Tax Trust Fund Operational Account in FY 1999 and FY 2000. The staff will ask for
ratification of a revised budget for FY 1999 funds.

Background

At the March 10-11, 1998 meeting in Denver, the Board discussed certain proposed CWCB
projects intended to be funded from the CWCB's allocation from the Severance Tax Trust Fund
Operational Account for FY 1998, FY 1999 andFY 2000, The Board was allocated $100,000 inFY
98, $275,000 in FY 1999 and $500,000 in FY 2000. However, it takes between 15 to 18 months
advance planning to line up the projects, and tbings often change by the time the funds become
available. Furthermore, the money must be used during the designated fiscal year or it reverts back
to the Operational Account.

The staff reported that some projects were proceeding on schedule while three feasibility studies
scheduled for grants were already completed. The minutes state that a motion was made by David
Smith to substitute three different feasibility studies for three on the list for FY 1998 and that
Jefferson County's funding (520,000 i:: FY 1999 and S30,000 in FY 2000) would be moved entirely
into FY 1999. The motion was seconded by Janice Sheftel and approved unanimously (7-0).

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