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Division outlines fund balances: revolving, C&D, Colorado River reuse transfers and repeal of city water loan fund
Summary
Division staff summarized fund status: revolving construction fund retains roughly $14M for regular projects; the city water loan fund was repealed and remaining balance transferred to a new Water Infrastructure Fund; C&D fund shows available balances and separate Colorado River reuse transfer of $95M; staff flagged overcommitment risk for small-
Division financial staff provided an update on the board’s various funding accounts and recent transfers enacted by the Legislature.
Shalane DeBernardi said the revolving construction fund still has about $14,000,000 available for regular projects even if currently authorized and committed projects are funded. She reported the city water loan fund was repealed (effective May 7) and that the remaining balance (about $3,000,000) was transferred to the…
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