CWCB Annual Report December 1995

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I Colorado Water Conservation Board CONSTRUCTION FUND EQUITY I 200 1 - oans Receivable ® Reserved Cash-Under Contract "----'-.-.--7---- _____-- "_'. _._-___-``-"""__..'_-.-.._._.._.___..W._._.—_.W.. ■ Reserved for Authorized Projects — _ — '"____. 150 -, Unreserved Cash .. ® — N - . g 100 -- ---- _____ 1 m I I 0 -- ._....-._._ll _ -- -- June 30, 1993 June 30, 1994 June 30, 1995 2.2 Projected Cash for New Projects in 1996 I As a revolving cash fund, the CWCB Construction Fund has become a reliable source of funding for about $12 million in water resource projects and studies each year. The total amount projected from cash sources in FY 95-96 is $12.1 million. This includes $5.6 million in principal and interest, $3.4 million from Mineral Lease Fund distributions, and $3.1 million from interest on the cash balance invested by the Colorado Treasurer. The Board is recommending three projects for deauthorization in FY 95-96 totaling $1.5 I million and a $0.5 million net reduction in two previous authorizartations. Unreserved cash at the beginning of the year was a $0.5 million shortfall. Administrative expenses from the fund are I estimated at $1.0 million. The unreserved cash available for new projects in 1996 is estimated to be approximately $12.6 million. 1 Therefore, there are sufficient unobligated funds to finance the Board's recommendations for new projects totaling $12.6 million. This includes $5.9 million in new project loan authorizations, I $0.5 million reserved for new feasibility study loans, $2.2 million in non-reimbursable projects, and $4.0 million in a separate bill concerning the prevention of violations of interstate water compacts. I CWCB Annual Report, page 6