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 12.45% of the revenues distributed from the Severance Tax Distribution
Account. 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, 2001:
Cash Balance (6/30/01) $80,070,123
Outstanding Commitments
Active Appropriations $215,292,135
Paid 106,273,045
Total Commitments (7/01/01) $109,019,090
Total Uncommitted Balance (7/01/01) (28,948,967)
FY 02 -- Anticipated Revenues
Taxes $ 19,300,000
Interest 7,000,000
Federal Mineral Royalty 70,000,000
Other 3,000,000
Total -- FY 02 Revenues $ 99,300,000
FY 03 -- Anticipated Revenues
Taxes $ 19,300,000
Interest 7,000,000
Hold Projects 15,000
Other 3,000,000
Total -- FY 03 Revenues $ 29,315,000
FY 04 Anticipated Revenues
Taxes $19,300,000
Interest 7,000,000
Other 3,000,000
Total FY 04 Revenues $29,300,000
Total Anticipated Revenues $128,966,033
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 2.1% of the revenues distributed from the severance tax distribution account.
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, 2001:
Cash Balance (6/30/01) $28,581,949
Outstanding Commitments
Active Appropriations $39,084,675
Paid 14,913,271
Total Commitments (7/01/00) $24,171,404
Total Uncommitted Balance (7/01/00) $4,410,545
FY 02 -- Anticipated Revenues
Taxes $ 3,300,000
Interest 1,100,000
Other 1,700,000
Total -- FY 02 Revenues $6,100,000
FY 03 -- Anticipated Revenues
Taxes $ 3,300,000
Interest 1,100,000
Other 1,700,000
Total -- FY 03 Revenues $6,100,000
FY 04 -- Anticipated Revenues
Taxes $ 3,300,000
Interest 1,100,000
Other 1,700,000
Total -- FY 04 Revenues $6,100,000
Total Anticipated Revenues $22,710,545
C. Debt Service Accounts
Account Balance as of 1/25/02
Fontenelle Operation and Maintenance $ 93,788
Buffalo Bill Reservoir 20,128,944
Palisades Operation and Maintenance 80,046
Miscellaneous 42,361