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2.0 Construction Fund <br /> ' 2.1 Fund Equity <br /> Fund equity includes the sum of all outstanding project loans and the cash balance in the fund <br /> which has been invested by the State Treasurer. The total fund equity reported by the Colorado <br /> 1 Financial Reporting System (COFRS) was $174.0 million on June 30, 1995, the end of FY 94-95. <br /> This included approximately $73.6 million in outstanding loan principal receivable from <br /> 1 borrowers with completed projects, $26.6 million in cash funds reserved for projects authorized <br /> by the Legislature which are under contract or under construction, $74.2 million in cash funds <br /> reserved in special accounts or for future projects authorized by the Legislature, and no <br /> unreserved cash. The total "cash balance" on June 30, 1995, was $100.8 million. <br /> I <br /> TABLE 1 <br /> Colorado Water Conservation Board <br /> Financial Statements FY 94-95 <br /> 1 <br /> Fund Equity Actual <br /> June Actual Actual <br /> une 30.1993 June 30.1994 June 30.1995 <br /> Outstanding Loans Receivable $52,201,070 62,864,672 73,642,953 <br /> Reserved for Authorized Projects-Under Contract 29,919,132 31,401,070 <br /> Reserved for Authorized Projects-Not Under Contract 52,274,347 51,140,622 74,215,404 <br /> Unreserved Cash or 'Working Balance" 2,860,600 61,869 26,587,562 <br /> (490,674) <br /> Total Fund Equity on June 30 $137,255,149 $145,468,233 $173,955,245 <br /> I <br /> CWCB Annual Report, page 5 <br />