BOARD00059 ‎(2)‎

• Board Meeting Date: 11/13/2006
• Description: CF Section - Estimate of Funds Available for New Projects in 2007 - CWCB Construction Fund - Loans and Non-Reimbursable Investments
• Board Meetings - Doc Type: Memo

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Projected expenses for non-reimbursable investments are approximately $5.5 million. The
projection for money available for non-reimbursable investments is based on the difference between.
the target and actual growth of the Cons~ruction Fund (Financial Policy #13 attached). The target
growth rate of the Construction Fund establishes the basis for the calculation of this year's available
funds for non-reimbursable investments.

Conclusion
As of the date of this memo, it appears sufficient cash will be available to fund the
applications shown on the attached list.

Notes to the Expense and Revenue Summary
Construction Fund

Unreserved Cash Funds

Unreserved cash in the Construction Fund at the beginning of the state fiscal year is based on
the end of period financial information provided to us by the DNR Accounting Section and
summarized by Clifton Gunderson, LLP in the Year Ending Financial Statement comPilation.
Report.

Revenue - Annual Estimate

Total cash revenue to the CWCB Construction Fund is based on several sources of incorne
including interest on loans, Mineral Lease Fund distributions, money from lease agreements, interest
from cash invested by the State Treasurer, and occasional General Fund transfers if applicable.

CWCB Operatine Fund (Estimated)

House Bill 06-1385, also known as the 2006 "Long Bill", appropriated a total administration
and special purpose budget for the Board of just under $5 million. 100% of the Board's budgeted
operating expenses are appropriated from the CWCB Construction Fund.

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Flood Protection. Water Project Planning and Financing. Stream and Lake Protection
Water Supply Protection. Conservation Planning