A. Water Development Account No. 1
Water Development Account No. 1 [WS 41-2-124(a)(I)] finances the New
Development Program and Water Planning Programs. The account has received
general fund appropriations of $117,600,000 and receives revenues from a
1.5% excise tax on coal. During the 1990 legislative session, WS 41-2-124
was amended to allow the account to receive interest benefits beginning
July 1, 1992. Legislative approval must be granted prior to allocating
funds from the account to a particular project. The following is a
summary of the financial status of Water Development Account No. 1, as of
June 30, 1996:
Cash Balance (6/30/96) $127,140,363
Outstanding Commitments
Active Appropriations $256,943,300
Paid 87,978,547
Total Commitments (6/30/96) $168,967,753
Total Uncommitted Balance (6/30/96) ($ 41,824,390)
FY 97 -- Anticipated Revenues
Taxes $ 17,800,000
Interest 9,500,000
Other 1,600,000
Total -- FY 97 Revenues $ 28,900,000
FY 98 -- Anticipated Revenues
Taxes $ 17,800,000
Interest 9,500,000
Other 1,700,000
Total -- FY 98 Revenues $ 29,100,000
Total -- Available for Appropriation $16,175,610
B. Water Development Account No. 2
The Water Development Account No. 2 [W.S. 41-2-124(a)(ii)] finances the
Rehabilitation Program. The account receives revenues from a 0.167%
severance tax on oil and gas. As of July 1, 1992, this account also began
receiving the interest accrued on its unspent balance. Legislative
approval must be granted prior to allocating funds from the account to a
particular project. The following is a summary of the financial status of
Water Development Account No. 2, as of June 30, 1996:
Cash Balance (6/30/96) $ 30,357,720
Outstanding Commitments
Active Appropriations $49,589,179
Paid 15,250,171
Total Commitments (6/30/96) $ 34,339,008
Total Uncommitted Balance (6/30/96) ($ 3,981,288)
FY 97 -- Anticipated Revenues
Taxes $ 2,800,000
Interest 2,400,000
Other 1,000,000
Total -- FY 97 Revenues $ 6,200,000
FY 98 -- Anticipated Revenues
Taxes $ 2,800,000
Interest 2,400,000
Other 1,500,000
Total -- FY 98 Revenues $ 6,700,000
Total -- Available for Appropriation $ 8,918,712
C. Debt Service Accounts
Account Balance as of 12/1/96
Fontenelle Operation and Maintenance $897,365.73
Palisades Operation and Maintenance 76,507.70
Miscellaneous 7,334.99
