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COLORADO WATER CONSERVATION BOARD
<br /> CONSTRUCTION FUND
<br /> Statement of Revenue, Expenses and Changes in Retained Earnings
<br /> Years ended June 30, 2001 and 2000
<br /> (see accountant's compilation report)
<br /> 2001 2000
<br /> INTEREST REVENUE
<br /> Net investment income , $ 5,592,115 $ 5,686,367
<br /> Interest earnings- loans 3,966,160 5,044,114
<br /> Total Interest Revenue 9,558,275 10,730,481
<br /> OTHER REVENUE
<br /> Mineral lease income 6,069,323 4,194,325
<br /> Severance tax 133,495
<br /> Other 26,273 121,804
<br /> Total Other Revenue 6,095,596 4,449,624
<br /> Total Revenue 15,653,871 15,180,105
<br /> OPERATING EXPENSE
<br /> Interdepartmental operations 2,364,408 2,091,341
<br /> Grants N J 1,960,644 243,835
<br /> Salaries and other operating expenses 2,085,816 2,067,525
<br /> Total Operating Expense 6,410,868 4,402,701
<br /> OTHER EXPENSE
<br /> Species Conservation Trust contribution 2,000,000
<br /> Total Other Expense 2,000,000
<br /> Total Expense 6,410,868 6,402,701
<br /> EXCESS REVENUE OVER(UNDER)
<br /> EXPENSES 9,243,003 8,777,404
<br /> RETAINED EARNINGS - BEGINNING
<br /> OF YEAR 222,373,347 213,595,943
<br /> RETAINED EARNINGS - END OF YEAR $ 231,616,350 $ 222,373,347
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