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<br /> IICOLORADO WATER CONSERVATION BOARD
<br /> CONSTRUCTION FUND
<br /> U STATEMENTS OF REVENUE,EXPENSES AND CHANGES IN RETAINED EARNINGS
<br /> YEARS ENDED JUNE 30,2002,2001 AND 2000
<br /> I (See Accountant's Compilation Report)
<br /> I2002 2001 2000
<br /> INTEREST REVENUE
<br /> I Net investment income $ 4,320,761 $ 5,592,115 $ 5,686,367
<br /> Interest earnings - loans 6,659,438 3,966,160 5,044,114
<br /> Total interest revenue 10,980,199 9,558,275 10,730,481
<br /> IOTHER REVENUE
<br /> Mineral lease income 4,513,769 6,069,323 4,194,325
<br /> I Severance tax - - 133,495
<br /> Other 8,706 26,273 121,804
<br /> Total other revenue 4,522,475 6,095,596 4,449,624
<br /> ITotal revenue 15,502,674 15,653,871 15,180,105
<br /> OPERATING EXPENSE
<br /> I Interdepartmental operations 5,677,290 2,364,408 2,091,341
<br /> Nonreimbursable investments 1,006,904 1,960,644 243,835
<br /> Personal services and other operating expenses 1,686,001 2,085,816 2,067,525
<br /> ITotal operating expense 8,370,195 6,410,868 4,402,701
<br /> I -OTHER EXPENSE -
<br /> Species Conservation Trust contribution 2,000,000
<br /> Total other expense - - 2,000,000
<br /> ITotal expense 8,370,195 6,410,868 6,402,701
<br /> EXCESS REVENUE OVER
<br /> IEXPENSES 7,132,479 9,243,003 8,777,404
<br /> RETAINED EARNINGS-BEGINNING
<br /> IOF YEAR 231,616,350 222,373,347 213,595,943
<br /> RETAINED EARNINGS-END OF YEAR $ 238,748,829 $ 231,616,350 $ 222,373,347
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