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<br />STATE OF COLORADO <br /> <br />Colorado Water Conservation Board <br /> <br />Department of Natural Resources <br />1313 Shennan Street, Room 721 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3441 <br />FAX, (303) 866-4474 <br />www.cwcb.state.co.us <br /> <br /> <br />Bill Owens <br />Governor <br /> <br />MEMORANDUM <br /> <br />Greg E. Walcher <br />Executive Director <br /> <br />Rod Kuharich <br />CWCB Director <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />Dan McAuliffe <br />Deputy Director <br /> <br />FROM: <br /> <br />Mike Serlet, P.E., <br />Chief, Water Supply Planning and Finance Section <br /> <br />DATE: <br /> <br />November 12, 2003 <br /> <br />SUBJECT: <br /> <br />Agenda Item Sa, November 19-21, 2003 Board Meeting <br />Water Supply Planning and Finance <br />Estimate of Funds Available for New Projects in 2004 <br />CWCB Construction Fund - Loans and Non-Reimbursable Investments <br /> <br />Introduction <br />This fmancial information is for the Board's use in evaluating the availability of additional <br />funds from the Construction Fund for new loans to fmance future water projects and for other non- <br />reimbursable investments. <br /> <br />Background <br />The information for the CWCB Construction Fund is based on the closing reports for the <br />fiscal year ended June 30, 2003. A total of approximately $31,000,000 is projected as available for <br />modifications to previous loan authorizations and new construction project loans. <br /> <br />Discussion <br />Attached is a financial projection summanzmg the FY2003-04 Construction Fund cash <br />available and projected expenses. Total revenue available for new projects and other expenses is <br />$31.1 million, projected expenses are $29.2 million, leaving a projected balance of$1.9 million. This <br />number includes loan and non-reimbursable investment projects presented at the November Board <br />meeting. <br /> <br />Projected expenses for non-reimbursable investments are $3,945,500. The projection for <br />money available for non-reimbursable investments is based on the difference between the projected <br /> <br />Flood Protection. Water Supply Planning and Finance. Stream and Lake Protection <br />Water Supply Protection. Conservation and Drought Planning <br />