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 initial 300 acre feet of yield. 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 needed basis. In 2008, the enlargement of an existing dam and reservoir on Elkhead Creek, tributary to the Yampa River near Craig was completed.
The 2023 operation and capital draft amended budget for this Fund is $6,621,207.