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COLORADO WATER CONSERVATION BOARD
<br /> CONSTRUCTION FUND
<br /> Statements of Revenue, Expenses and Changes in Retained Earnings
<br /> Years ended June 30, 2000, 1999 and 1998
<br /> (see accountant's compilation report)
<br /> 2000 1999 1998
<br /> INTEREST REVENUE
<br /> Net investment income $ 5,686,367 $ 5,666,540 '$ 4,856,706
<br /> Interest earnings loans 5,044,114 4,497,454 4,852,218
<br /> Total Interest Revenue 10,730,481 10,163,994 9,708,924
<br /> OTHER REVENUE
<br /> Mineral lease income 4,194,325 3,820,661 4,238,427
<br /> Severance tax 133,495
<br /> Other 121,804 37,418 17,257
<br /> Total Other Revenue 4,449,624 3,858,079 4,255,684
<br /> Total Revenue 15,180,105 14,022,073 13,964,608
<br /> OPERATING EXPENSE
<br /> Interdepartmental operations 2,091,341 3,975,624 530,803
<br /> Grants 243,835 118,865 423,141
<br /> Salaries and other operating expenses 2,067,525 1,258,782 1,072,685
<br /> Total Operating Expense 4,402,701 5,353,271 2,026,629
<br /> OTHER EXPENSE
<br /> Species Conservation Trust transfer 2,000,000 1,000,000 1,500,000
<br /> Total Other Expense 2,000,000 1,000,000 1,500,000
<br /> Total Expense 6,402,701 6,353,271 3,526,629
<br /> EXCESS REVENUE OVER(UNDER)
<br /> EXPENSES 8,777,404 7,668,802 10,437,979
<br /> FUND EQUITY/RETAINED EARNINGS -
<br /> BEGINNING OF YEAR 213,595,943 205,927,141 195,489,162
<br /> FUND EQUITY/RETAINED EARNINGS
<br /> END OF YEAR $ 222,373,347 $ 213,595,943 '$ 205,927,141
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