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<br />t <br /> <br />J <br />. <br /> <br />Colorado Oil and Gas Conservation Commission <br />Colorado Geological Survey <br />Division of Minerals and Geology <br />Colorado Water Conservation Board <br /> <br />45% <br />20% <br />30% <br />5% <br /> <br />e <br /> <br />The Executive Director of the Department of Natural Resources is required to submit with the <br />department's annual budget request a list and description of the programs the Executive Director <br />recommends to be funded from the Operational Account. <br /> <br />The state Minerals, Energy, and Geology Policy Advisory Board (MEGA Board) was established <br />in 1995 to advise the Executive Director on programs or projects that should receive a grant of fimds <br />from the Operational Account. The MEGA Board also reviews the Executive Director's <br />recommendation before it is included in the state's annual "Long Bill." <br /> <br />The MEGA Board has recommended that use of the Severance Tax Trust Fund for water project <br />construction and water planning give preference to energy impacted areas. <br /> <br />Discussion <br /> <br />In the past, the four state agencies involved and the MEGA Board have proposed using . <br />significantly less than the full allotted amount per agency in order to build up the cash reserves in <br />the Operational Account. The following table lists the total arumal revenues available and the fimds <br />available to the CWCB compared with the proposed, appropriated, and expended fimds since <br />inception of the account. <br /> <br />~~ D-~MiJCDk -:,-i1~;:11--.':- '--~~-~'T~--- -~'W-- "','( If' <br />_~ _:!. _ J_-'- _l __..../_~"-J_l..!..ll. .1 ~ .. _ I - _ _~ ~_" ~ .______-!. ~ ....~ <br />--- . - - <br />Total Revenue Available $8,799,000 $7,988,000 $10,543,910 $11 ,500,000 <br />Available to ewCB (5%) $439,950 $399,400 $527,196 $575,000 <br />Proposed $100,000 $100,000 $275,000 $500,000 <br />Appropriated in Long BilllCF Bill $100,000 $100,000 $275,000 $275,000/$225,000 <br />Expended to Date $99,500 $100,000 $275,000 $0 <br /> <br />The staffs' budget proposal for FY 2001 includes a request for spending authority for up to <br />$585,000 to the CWCR A summary of proposed expenditures for FY 2001 in five CWCB programs <br />is shown in the right column of the following table. <br /> <br />. <br /> <br />2 <br />