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<br /> ICOLORADO WATER CONSERVATION BOARD
<br /> SEVERANCE TAX TRUST FUND -PERPETUAL BASE ACCOUNT
<br /> STATEMENTS OF REVENUE,EXPENSES AND CHANGES IN RETAINED EARNINGS
<br /> ' YEARS ENDED JUNE 30,2002, 2001 AND 2000
<br /> (See Accountant's Compilation Report)
<br /> 2002 2001 2000
<br /> INTEREST REVENUE
<br /> Net investment income $ 1,491,450 $ 1,393,012 $ 1,309,405
<br /> Interest earnings - Loans 1,280,476 730,568 374,964
<br /> Total interest revenue 2,771,926 2,123,580 1,684,369
<br /> OTHER REVENUE
<br /> ' Severance tax 14,282,464 15,479,286 7,986,967
<br /> Total revenue 17,054,390 17,602,866 9,671,336
<br /> EXPENSES - - -
<br /> EXCESS REVENUE OVER EXPENSES 17,054,390 17,602,866 9,671,336
<br /> I RETAINED EARNINGS -BEGINNING
<br /> OF YEAR 57,538,568 39,935,702 30,264,366
<br /> I . RETAINED EARNINGS-END OF YEAR $ 74,592,958 $ 57,538,568 $ 39,935,702
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