2000 Construction Fund Financial Statement

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an Principals Jack C. Schroeder Larry R. Beardsley chooneveld and Co. Inca Richard M. Carlson 9 Mark D. Elmshauser Certified Public Accountants Kevin F.Collins Board of Directors Colorado Water Conservation Board Denver,Colorado We have compiled the accompanying balance sheets of the Colorado Water Conservation Board, Construction Fund as of June 30,2000, 1999 and 1998 and the related statements of revenue, expenses and changes in retained earnings and schedules of cash sources and cash uses for the years then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of financial statements information that is the representation of management. We have not audited or reviewed the accompanying financial statements and,accordingly, do not express an opinion or any other form of assurance on them. The amount reported as interest receivable/loans represent the amount estimated to be received during the subsequent fiscal year and not the amount due since the last installment payment until the end of the fiscal year. Accordingly, this presentation is not in accordance with generally accepted accounting principals for an accrual basis presentation. The effects ofthis departure from generally accepted accounting principles on the accompanying financial statements has not been determined. The financial statement of the Colorado Water Conservation Board,Construction Trust Fund is intended to present the financial position of only that portion of the funds of the Colorado Water Conservation Board that is attributable to the transactions of the Colorado Water Conservation Board,Construction Fund Management has elected to omit the statement of cash flows and all of the disclosures required by generally accepted accounting principles. If the omitted disclosures were included in the financial statements,they might influence the user's conclusions about the Fund's financial position,results of operations and cash flows. Accordingly,these financial statements are not designed for those who are not informed about such matters. _ p e' January 17, 2001 6000 Greenwood Plaza Blvd.,#110•Greenwood Village,CO 80111-4817 303-779-4000• FAX 303-770-9276•E-mail: vscocpas@ vscocpa.com Members:American Institute of Certified Public Accountants-S.E.C.and,Private Practice Sections•Colorado Society of Certified Public Accountants