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<br />- --...,.., <br /> <br />"-'---'" '-" <br /> <br />~ <br /> <br />, <br /> <br />Colorado Water Conlir/ation Board <br /> <br />Department of NatUlWResources <br />721 Centennial Building <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone: (3D3) 866-3441 <br />FAX; (303) 366-4474 <br /> <br />. <br /> <br />~ <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director, DNR <br /> <br />Peter H. Evans <br />Acting Director, CWeB <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />William P. Stanto~,p. E. ~. <br />Chief, Project Planning and Construction Section <br /> <br />FROM: <br /> <br />DATE: <br /> <br />January 15, 1999 <br /> <br />SUBJECT: <br /> <br />Agenda Item 11, January 27-28, 1999 Board Meeting- <br />Severance Tax Trust Fund Operational Account <br /> <br />Introduction <br /> <br />This memo is a general update on. the progress of all studies and investigations funded by the <br />Severance Tax Trust Fund Operational Account in FY 1999 and FY 2000. The staff will ask for <br />ratification of a revised budget for FY 1999 funds. <br /> <br />Background <br /> <br />At the March 10-11, 1998 meeting in Denver, the Board discussed certain proposed CWCB <br />projects intended to be funded from the CWCB's allocation from the Severance Tax Trust Fund <br />Operational Account for FY 1998, FY 1999 and FY 2000. The Board was allocated $100,000 in FY <br />98, $275,000 in FY 1999 and $500,000 in FY 2000. However, it takes between 15 to 18 months <br />' , <br />advance planning to line up the projects, and things often change by the time the funds become <br />available. Furthermore, the money must be used during the designated fiscal year or it reverts back <br />to the Operational Account. <br /> <br />The staff reported that some projects were proceeding on schedule while three feasibility studies <br />scheduled for grants were already completed. The minutes state that a motion was made by David <br />Smith to substitute three different feasibility studies for three on the list for FY 1998 and that <br />,~ "_i, :::ounty's funding (S~':,',~,>J ::: FY : )99 and 530,000 in FY 2000) would be moved entirely <br />into FY 1999. The motion was seconded by Janice Sheftel and approved unanimously (7-0). <br /> <br />I <br />