Southeastern District approves $28.8 million budget

Fryingpan-Arkansas Project via the Southeastern Colorado Water Conservancy District

Here’s the release from the Southeastern Colorado Water Conservancy District (Chris Woodka):

The Southeastern Colorado Water Conservancy District Thursday approved a $28.8 million budget for 2018, which includes the District’s general fund, Enterprise water fund and a newly created hydropower fund within the enterprise.

The general fund totals $16 million, most of which reflects Fryingpan-Arkansas Project payments to the Bureau of Reclamation. Those payments total $13.1 million, including $7.4 million from property taxes in parts of nine counties for Fry-Ark Contract obligations, and $5.3 million in payment from the Fountain Valley Authority in El Paso County. Other payments to Reclamation include $265,000 for excess-capacity contracts and an estimated $117,000 for winter water.

The District assesses a 0.940 mill levy, of which 0.9 mills goes toward the Reclamation Fry-Ark Contract; 0.035 mills for operation; and 0.005 mills for refunds and abatements adjustments. Tax collections total about $7.8 million.

Operating revenues and expenditures for the District are expected to top $2.5 million in 2018.

The water activity enterprise, the district’s business arm, has a $2.7 million budget in 2018. Enterprise funds are generated from water sales, surcharges on water storage or sales and contractual arrangements.

The hydroelectric fund supports an electric generation plant under construction at Pueblo Dam. The Colorado Conservation Board approved a $17.2 million loan in 2016 toward the $20 million project. The remainder of the project is funded by the enterprise. Expenditures in 2018 are expected to be nearly $10 million.

Construction began in October 2017, after purchase of power details were finalized. The power plant should begin operations in 2018, with the first full year of electricity production in 2019.

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