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, 1997:
Cash Balance (6/30/97) $117,117,786
Outstanding Commitments
Active Appropriations $254,243,900
Paid 111,107,280
Total Commitments (6/30/97) $143,136,620
Total Uncommitted Balance (6/30/97) ($ 26,018,834)
FY 98 -- Anticipated Revenues
Taxes $ 17,900,000
Interest 8,000,000
Other 2,000,000
Total -- FY 98 Revenues $ 27,900,000
FY 99 -- Anticipated Revenues
Taxes $ 18,700,000
Interest 8,000,000
Other 2,000,000
Total -- FY 99 Revenues $ 28,700,000
FY 00 -- Anticipated Revenues
Taxes $ 19,500,000
Interest 8,000,000
Other 2,000,000
Total -- FY 00 Revenues $ 29,500,000
Less Anticipated Expenses for Biennium
Water Development Office $ 2,010,749
Debt Service (Fontenelle) 540,000
Instream Flow 100,000
Research 93,900
Basin Planning 250,000
Water Library 10,000
WRDS 240,921
Water Resources Center 1,743,246
State Revolving Fund 1,970,000
State Engineer's Office $12,000,000
$ 18,958,816
Total -- Available for Appropriation $41,122,350
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, 1997:
Cash Balance (6/30/97) $ 22,076,854
Outstanding Commitments
Active Appropriations $49,656,000
Paid 24,515,927
Total Commitments (6/30/97) $ 25,140,073
Total Uncommitted Balance (6/30/97) ($ 3,063,219)
FY 98 -- Anticipated Revenues
Taxes $ 3,300,000
Interest 1,300,000
Other 1,000,000
Total -- FY 98 Revenues $ 5,600,000
FY 99 -- Anticipated Revenues
Taxes $ 3,000,000
Interest 1,300,000
Other 1,000,000
Total -- FY 99 Revenues $ 5,300,000
FY 00 -- Anticipated Revenues
Taxes $ 3,000,000
Interest 1,300,000
Other 1,000,000
Total -- FY 00 Revenues $ 5,300,000
Total -- Available for Appropriation $ 13,136,781
C. Debt Service Accounts
Account Balance as of 12/1/97
Fontenelle Operation and Maintenance $ 650,220
Buffalo Bill Reservoir 5,939,409
Palisades Operation and Maintenance 76,037
Miscellaneous 18,335
