Colorado River Water Conservation District
BUDGET MESSAGE AND PROPOSED BUDGET – 2017

The District consists of all or part of 15 counties in the Colorado River drainage on the Western Slope of Colorado. The District’s purpose is to conserve, use and develop water resources of the Colorado River and its tributaries. The District is charged by statute (C.R.S. §37-46) to safeguard for Colorado, all waters to which the State of Colorado is equitably entitled under the Colorado River Compacts and has such powers as are necessary to carry out this mandate.

The local government budget law of Colorado requires adoption of an annual budget by specified local governments. The basic purpose of this budget is to provide a complete financial plan, which reflects estimated revenues and proposed expenditures. The budget is a tool used to monitor revenues and to control expenditures. The budgetary basis of accounting used by the Colorado River Water Conservation District is modified accrual.

General Fund
The General Fund provides for directors, legal, administrative and engineering expenses of the District. Additionally, this Fund provides for studies, planning and diligence on various projects. The District, in cooperation with other governmental agencies, performs feasibility and cost effectiveness studies on these various projects.

The General Fund is funded by a property tax mill levy, S.O. tax, miscellaneous income, reimbursements, and interest earnings.

Capital Projects Fund
The Capital Projects Fund consists of the Capital Reserve Fund. The primary purpose of the Capital Projects Fund is to support Capital Acquisition and Capital Improvements for and within the District. In 1998 a Capital Project Grant Program was started making funds available for project assistance and emergency project assistance within the District.

Water Projects Enterprise
This fund was established originally in 1985 as the Rock Creek Fund (now the Enterprise Fund) to operate and maintain the Wolford Mountain Project and to construct, operate and maintain other storage and conservation projects. In 1998 the Enterprise Fund became a shareholder in The Eagle Park Reservoir Company, purchasing an initial 300 acre feet of water. The Memorandum of Understanding which resulted in the initial creation of the Company as Phase I of a larger Eagle Basin Project contemplates the construction of additional projects for West Slope uses. In 2000, the Enterprise began purchasing contracts for water delivery from Ruedi Reservoir from the US Bureau of Reclamation. The initial contracts in 2000 were for 1,200 acre feet of water. In 2003, the Enterprise Fund purchased an additional 520 acre feet, in 2007, an additional 5,000 acre feet, and in 2013, an additional 4,683.50 acre feet. The 2013 purchase was initiated in the Capital Projects Fund and will be purchased by the Enterprise Fund on an as need basis.

The enlargement of an existing dam and reservoir on Elkhead Creek, tributary to the Yampa River near Craig has been completed. There will be some mitigation work scheduled in 2017.

2015 Financial Statements  – Final, as approved by the Board on July 20, 2016.

Comments and inquiries relating to our financial statements or budget may be made to Mary Kalmes, CPA, mkalmes@crwcd.org or Ian Philips, CPA, iphilips@crwcd.org, or phone 970-945-8522.

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