Lower South Platte Water Conservancy board approves $1 million budget

South Platte River near Kersey September 13, 2009.

From The Sterling Journal Advocate (Jeff Rice):

The district’s board of directors approved the resolutions by a 9-0 voice vote.

The district levies one-half mill on all property within the district, which includes parts of Morgan, Washington, Logan and Sedgwick counties.

The budget itself was formally approved by the board’s executive committee during the November meeting.

For the first time in the district’s history the budget has inched up over the $1 million mark, although a large chunk of that is for grants for specific projects in 2018. The bottom line on the budget is $1,024,992.

The district will use almost $350,000 in Colorado Water Conservation Board and U.S. Bureau of Reclamation funds to help the Northeast Colorado Water Cooperative find ways to develop infrastructure for water exchanges, primarily when water augmentation plans are involved.

The budget also contains $269,107 for contingency reserve, a capital reserve of $20,000, and a TABOR reserve fund of $10,000. Subtracting the reserve funds and project grants from the $1,024,877 budget proposal leaves a little more than $376,000 for district operations.

On the revenue side, the district anticipates a 4.3 percent increase in general property tax revenues based primarily on higher valuations for property as opposed to greater value because of development.

The budget includes a separate budget for the Julesburg Recharge Project, which is a subsidiary of the LSPWCD. Although all of the funds for the JRP are contained within the overall LSPWCD budget, they are accounted separately. The JRP began in 1990 as a recharge demonstration project. In 1993 it was incorporated into the LSPWCD as a water activities enterprise. That means participating well users pay for all costs associated with the recharge project and well augmentation while LSPWCD manages the project and provides water and financial accounting for the augmentation plan.

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