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COLORADO WATER CONSERVATION BOARD
<br /> SEVERANCE TAX TRUST FUND -PERPETUAL BASE ACCOUNT
<br /> Balance Sheets
<br /> June 30,2000 1999 and 1998
<br /> (see accountant's compilation report)
<br /> 2000 1999 1998
<br /> CURRENT ASSETS
<br /> Cash and cash equivalents $ 31,616,442 $ 22,046,366 $ 21,570,740
<br /> Interest receivable on loans-current 374,964 218,000
<br /> Loans receivable completed -current 130,060 55,704
<br /> Total current assets 32,121,466 22,320,070 21,570,740
<br /> NON-CURRENT ASSETS
<br /> Loans receivable completed -long term 7,814,236 7,944,296
<br /> Total assets 39,935,702 30,264,366 21,570,740
<br /> FUND EQUITY/RETAINED EARNINGS
<br /> Reserved for long term loans receivable 7,814,236 7,944,296
<br /> Reserved for authorized projects 22,008,600 8,940,000 9,940,000
<br /> Unreserved 10,112,866 13,380,070 11,630,740
<br /> Total equity $ 39,935,702 $ 30,264,366 $ 21,570,740
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