Board Meeting Memorandum 09/10/2003 (B)

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Non-reimbursable Investment Application-CWCB Construction Fund Form Revised August 8,2003 • Grants will solicited from various water conservancy districts and federal agencies that will directly benefit from the inventory work within the Colorado River and Arkansas River watersheds. Part C.-Project Sponsor Financial Information The CWCB Construction Fund is primarily a revolving loan fund. Non-reimbursable Investments are approved only when the project or study is of State-wide interest and benefits a wide range of people. The following information is requested to assist the CWCB in a preliminary assessment of the applicant's financial capacity. It is also requested that the project sponsor submit with this application copies of the two most recent annual reports, financial statements, corporate reports or other current documentation of financial condition and operations. See attached financial statements for 2002 and 2003. 1. List any existing liability or indebtedness that exceeds one thousand dollars. For example, • bank loans, government agency loans, bond issues, accounts payable, etc. Include names and addresses of lenders, amounts, due dates and maturity dates. (You may attach a separate schedule if you wish): No outstanding indebtedness. 2. Are any of the above liabilities now in default, or been in default at any time in the past? YES NO . If"YES",please give detailed explanation: N/A 3. Please provide a summary of all revenues received during the last two fiscal years by category(such as service charges,tap fees, assessments, etc.): The Tamarisk Coalition was formed in 2000 and received 501(c)(3) non-profit status in May 2002. Revenues since May 2002 include $5,000 from CWCB, a $46,000 grant from the National Forest Foundation, $100,000 from the National Fish &Wildlife Foundation, $7,000 from miscellaneous grants, II/ 7