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1 <br /> 10 Construction Fund Loan Program Performance Audit-September 1998 I <br /> The Construction Fund (Fund) is a continuing cash fund. Thus, balances do not <br /> revert to the General Fund at the end of the fiscal year. The Fund receives monies <br /> from the following sources: <br /> • Principal and interest payments on loans <br /> • Mineral lease fund distributions <br /> • Interest earnings <br /> • General Fund appropriations (upon occasion) <br /> Expenditures and disbursements for the past four fiscal years from both the <br /> Administration and Construction Funds are shown in the following table: <br /> Water Conservation Board <br /> Expenditures and Disbursements 1 <br /> Fiscal Administration Construction <br /> Year Fund Fund <br /> 1994 $2,480,000 $13,560,000 <br /> 1995 $2,721,000 $16,787,000 <br /> 1996 $2,931,000 $23,727,000 I <br /> 1997 $3,199,000 $15,531,000 <br /> Source: COFRS reports. , <br /> The Severance Tax Perpetual Base Fund I <br /> The Board also has another source of funds that is available for making loans for <br /> water projects. It is the Severance Tax Perpetual Base Fund, which is also a <br /> continuing cash fund. To date, no funds have been disbursed from this funding <br /> source. Revenues available from this fund over the past four fiscal years are shown <br /> in the following table: I <br /> I <br /> I <br /> r <br />