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I J-2 been received from the various clearinghouses as necessary to proceed with the project. The State Highway Department has also been consulted. In October of 1973, initial communication was establ ished with the Colorado Water Conservation Board, referring to the availability of funds for the construction of the Allenspark Water System. The initial meeting was with Mr. Boydston and Mr. loannides on October II, 1973. On November 7, 1973, a letter of transmittal referring to project costs, for the Allenspark Water System was submitted to the Colorado Water Conservation Board. In March of 1974, the Water Conservation Board issued its requirements for financial assistance. These requirements were for funds which could be obtained from the' "Wa,ter Projects Construction Fund," and were reviewed by both parties, the Allenspark District and the Water Conservation Board. On May 3, 197q, agreement was reached with the Water Conservation Board for the filing of a Feasibi lity Report and application for the proposed Allenspark Water System. , PRESENT FINANCIAL STATUS An account of the District's finances follows. As shown in Table II-A, a summary of the District's expenditures and income were detailed by a brief description from the President of the District. Prior to January 9, 1973, income of $3,342 was received, all in donations. Expenditures were $1,448.15. After District formation, the income received was $1,767.02 ($1,242.02 in tax money and $525.00 in donations), and expenditures ,were $2,824.97. $3,725.00 of the total donations received are to apply to future tap fees. In 1974, a 5 mill tax levy was implemented on a $292,700.00 assessed valuation. There was no 1973 District Audit, primarily because no tax money was re- ceived in 1973. All funds expended were from donations, primarily accum- ulated prior to District formation. In the following Table II-A is a break- down of income and expenses of the District before and after its formation.