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, 2002:
Cash Balance (6/30/02) $151,733,086
Outstanding Commitments
Active Appropriations $244,848,335
Paid 115,797,395
Total Commitments (7/01/02) $129,050,940
Total Uncommitted Balance (7/01/02) 22,682,146
FY 03 -- Anticipated Revenues
Taxes $ 19,300,000
Interest 7,000,000
Other 3,015,000
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 $ 81,297,146
Less Green and Wind/Big Horn Reservoir Reserve $ 54,070,000
Available for Appropriation $ 27,227,146
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, 2002:
Cash Balance (6/30/02) $32,738,624
Outstanding Commitments
Active Appropriations $38,210,057
Paid 12,040,350
Total Commitments (7/01/02) $26,169,707
Total Uncommitted Balance (7/01/02) $6,568,917
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 $18,768,917
C. Debt Service Accounts
Account Balance as of 12/31/02
Fontenelle Operation and Maintenance $ 89,902
Buffalo Bill Reservoir 23,543,582
Palisades Operation and Maintenance 77,019
Miscellaneous 22,527
