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, 2000:
Cash Balance (6/30/00) $ 83,246,536
Outstanding Commitments
Active Appropriations $270,245,180
Paid 136,251,244
Total Commitments (7/01/00) $133,993,936
Total Uncommitted Balance (7/01/00) ($50,747,400)
FY 01 -- Anticipated Revenues
Taxes $ 18,900,000
Interest 2,200,000
Other 2,500,000
Total -- FY 01 Revenues $ 23,600,000
FY 02 -- Anticipated Revenues
Taxes $ 18,200,000
Interest 2,200,000
Other 2,500,000
Total -- FY 02 Revenues $ 22,900,000
Subtotal Revenues ($4,247,400)
Greybull Valley Dam Reversion 7,942,542
State Engineers Office 600,000
Other Project Reversions 1,379,275
Total Anticipated Revenues $ 5,674,417
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, 2000:
Cash Balance (6/30/00) $15,681,001
Outstanding Commitments
Active Appropriations $42,464,075
Paid 20,272,054
Total Commitments (7/01/00) $22,192,021
Total Uncommitted Balance (7/01/00) ($ 6,511,020)
FY 01 -- Anticipated Revenues
Taxes $4,900,000
Interest 800,000
Other 1,500,000
Total -- FY 01 Revenues $7,200,000
FY 02 -- Anticipated Revenues
Taxes $ 2,800,000
Interest 800,000
Other 1,500,000
Total -- FY 02 Revenues $5,100,000
Subtotal Revenues $5,788,980
Reversions $1,119,232
Total Anticipated Revenues $6,908,212
C. Debt Service Accounts
Account Balance as of 12/15/00
Fontenelle Operation and Maintenance $ 305,746
Buffalo Bill Reservoir 9,436,276
Palisades Operation and Maintenance 78,273
Miscellaneous 59,909