Laserfiche WebLink
<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />103:5 <br /> <br />Final PSOP Implementation Committee Report <br />Southeastern Colorado Water Activity Enterprise <br />April 19, 2001 <br /> <br />7.3 Financial Commitment to PSOP Implementation <br /> <br />Those entities participating in re-operations and enlargement shall bear their proportionate <br />share of implementation costs for each of the PSOP elements. The Enterprise will monitor <br />all costs and collect participant payments associated with PSOP implementation. <br /> <br />The Enterprise shall track the costs for each option separately. For the first half of year 2001 <br />the Enterprise shall upfront fund all expenses as incurred. Then in July of 2001, invoices <br />shall be sent to the appropriate Re-operations' participants and in October 2001 to the <br />Enlargement participants to reimburse the Enterprise and to pay for the estimated costs for <br />the upcoming quarter. At the end of each quarter, invoices shall be sent to each participant. <br />Included with the invoice will be a summary verifying the past quarter's costs, giving credit <br />for what has been paid already and then adding on the next quarter's estimate. Thus, each <br />participant will be paying as they go for their proportionate share of the costs. <br /> <br />A preliminary four-year budget for implementation has been developed (see page 19). This is <br />the best estimate that the Enterprise has at this point, and will be adjusted each year to reflect <br />actual costs and better estimates as they are determined. <br /> <br />18 <br /> <br />99Ob1 FinJ.IPSOPRepon <br />