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<br />COLORADO WATER CONSERVATION BOARD
<br />SEVERANCE TAX TRUST FUND - PERPETUAL BASE ACCOUNT
<br />STATEMENTS OF NET ASSETS
<br />June 30, 2007, 2006 and 2005
<br />(See Accountant's Compilation Report)
<br />
<br /> 2007 2006 2005
<br />CURRENT ASSETS
<br />Cash and cash equivalents $ 159,257,304 $ 133,716,043 $ 102,645,847
<br />Interest receivable on loans - Current 1,973,636 1,581,599 1,137,415
<br />Loans receivable completed - Current 1,670,095 663,104 614,584
<br />Total current assets 162,901,035 135,960,746 104,397,846
<br />NONCURRENT ASSETS
<br />Loans receivable completed - Long-term 79,994,805 64,553,696 37,482,384
<br />Total noncurrent assets 79,994,805 64,553,696 37,482,384
<br />Total assets $ 242,895,840 $ 200,514,442 $ 141,880,230
<br />LIABILITIES
<br />Due to Construction Fund $ $ 294,904 $ 262,347
<br />Totalliaiblities 294,904 262,347
<br />NET ASSETS
<br />Restricted
<br />Restricted for loans 79,994,805 64,553,696 37,482,384
<br />Restricted for authorized projects
<br />under contract 44,042,619 50,019,038 40,246,674
<br />Restricted for authorized projects
<br />not under contract 75,156,337 5,769,139 27,269,236
<br />Unrestricted 43,702,079 79,877,665 36,619,589
<br />Total net assets 242,895,840 200,219,538 141,617,883
<br />T otalliabilities and net assets $ 242,895,840 $ 200,514,442 $ 141,880,230
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