CWCB Annual Report December 1997

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I Colorado Water Conservation Board CONSTRUCTION FUND EQUITY 250 El Loans Receivable II ION m Reserved Cash-Under Contract 200 = I. Reserved for Authorized Projects — I = ® Unreserved Cash N 150 — 0 -- _.– — - - _ 21 y 6 X0,414 403— 100 31,401 070—26'587,562 . 29,919,132 I 50 1/1 iii ' . ii. 0 1 June 30, 1991 June 30, 1992 June 30, 1993 June 30, 1994 June 30, 1995 June 30, 1996 June 30, 1997 1 1 2.2 Cash Sources I The Construction Fund is supported by the following cash sources: • Principal and Interest on Loans - The return of principal and interest in FY 97 was III Princ p p p reported by COFRS to be$6.93 million. This included$2.98 million in principal and$3.95 million in interest. • Mineral Lease Fund Distributions - Federal mineral lease revenues from rentals and royalties are distributed to the state in a complex"cascade" formula. The CWCB receives 10-percent of the distribution in the first cut. COFRS reported the CWCB's distribution as $3.81 million in FY 97. • Lease Agreements and Other Sources - COFRS reported$48,147 from lease agreements and other sources in FY 97. • Interest from the State Treasurer- Cash in the Construction Fund is invested by the State Treasurer and the earned interest accrues to the Construction Fund. In FY 97, the CWCB received $4.48 million in earned interest. I • Occasional General Fund Transfers - There were no General Fund transfers to the Construction Fund in FY 97. In 1995, $22.3 million was transferred to the Construction Fund pursuant to SB94-203 which settled a long standing obligation. The sum of all cash sources in FY 97 was $15.27 million. CWCB FY97 Annual Report,page 6 I