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<br />,. <br /> <br />e <br /> <br />e <br /> <br />e <br /> <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) 8664474 <br /> <br />Q <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E.Walcher <br />Executive Director <br /> <br />TO: <br /> <br />Colorado Water conserv~tiO Board Members <br />Dan McAuliffe <br />. . .,. Deputy Director <br />Mike Serlet, P.E., Chief a r Supply Planmng and Fmance SectlOn <br /> <br />September 19, 2000 <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Agenda Item # 13 a.-e. - September 25-26, 2000, Board Meeting <br />Water Supply Planning and Finance <br />Financial Matters <br /> <br />Over the past several years the Board has adopted financial policies that have <br />directed the administration of the Construction Fund and the Severance Tax Trust Fund <br />Perpetual Base Account. The policies have been included in the Construction Fund <br />"Guidelines for Financial Assistance" but have not been written up individually as stand <br />alone policies. <br /> <br />In order to bring these policies to the attention of the Board in preparation of the <br />upcoming Construction Fund loan application process in November and January, staff <br />has prepared individual policy statements. The format for each statement is consistent in <br />its presentation of a policy number, subject, effective date, revision date (if applicable), <br />the policy, purpose, applicability, and the procedure (if applicable). <br /> <br />In addition to the 6 policies recently adopted by the Board are 6 policies that the <br />Board has adopted over the past several years. Those policies adopted a few years ago <br />(Policy #7-12) were reviewed by the Board and staff at the July Board meeting in <br />Gunnison and at the Construction Fund Financial Workshop in Denver on August 29th. <br />Based on comments and discussions by Board members at those two meetings, staff has <br />prepared revisions to two policy statements regarding interests rates (policy #7) and rate <br />of return on loans (policy #8) and is requesting Board approval of those revisions. Staff <br />is also requesting formal approval of the procedures associated with prioritization of loan <br />requests (policy #12), and has prepared two new policies regarding growth rate of <br />combined fund equity (policy #13), and approval and prioritization of grant requests <br />(policy #14) for the Board to review. <br />