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<br />COLORADO WATER CONSERVATION BOARD
<br />CONSTRUCTION FUND
<br />STATEMENTS OF REVENUE, EXPENSES AND CHANGES IN NET ASSETS
<br />Years Ended June 30, 2007, 2006 and 2005
<br />(See Accountant's Compilation Report)
<br />
<br /> 2007 2006 2005
<br />OPERATING REVENUE
<br />Interest revenue
<br />Net investment income $ 4,284,651 $ 3,619,502 $ 2,135,909
<br />Interest earnings - Loans 6,757,178 6,429,044 7,138,166
<br />Total interest revenue 11,041,829 10,048,546 9,274,075
<br />Other revenue
<br />Mineral lease income 12,295,125 14,340,078 10,104,457
<br />Transfer from Severance Tax Operating Fund 1,508,248
<br />Service charge on loans 269,804 49,722 147,452
<br />Other 136,874 1,901 15,878
<br />Total other revenue 14,210,051 14,391,701 10,267,787
<br />Total operating revenue 25,251,880 24,440,247 19,541,862
<br />OPERATING EXPENSE
<br />Interdepartmental operations
<br />CWCB - Operations 3,827,075 3,680,161 3,663,454
<br />Division of Water Resources 436,837 447,841 554,624
<br />Satellite monitoring 397,691 296,711 402,607
<br />Division of Wildlife 75,000
<br />Executive Director's office 474,907 368,979 333,880
<br />Attorney General's office 310,542 424,015 330,756
<br />Other 50,633 23
<br />Nonreimbursable investments - Grants to
<br />entities 1,865,350 2,217,076 1,676,584
<br />Nonreimbursable investments - Personal
<br />serVIces 2,566,147 3,839,234 3,047,637
<br />Total operating expense 9,878,549 11,399,650 10,009,565
<br />OPERATING INCOME/CHANGE IN
<br />NET ASSETS 15,373,331 13,040,597 9,532,297
<br />NET ASSETS - BEGINNING OF YEAR 274,294,049 261,253,452 251,721,155
<br />NET ASSETS - END OF YEAR $ 289,667,380 $ 274,294,049 $ 261,253,452
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