Memorandum Agenda Item 10g 01/27,28/1999

• Board Meeting Date: 1/27/1999
• Description: Board Meeting Water Project Construction Loan Program - General and Financial Matters, Financial Activity for November and December 1998
• Board Meetings - Doc Type: Memo

0 STATE OF COLORADO
Colorado Water Conservation Board
Department of Natural Resources
• ►���;
721 Centennial Building
1313 Sherman Street „If
Denver,Colorado 80203
Phone: [phone]
FAX: [phone] Bill Owens
Governor
Greg E.Walcher
Executive Director,DNR
MEMORANDUM Peter H.Evans
Acting Director,CWCB
TO: Colorado Water Conservation Board Members
FROM: William P. Stanton, P.E.
Chief, Project Planning and Construction Section
DATE: January 15, 1999
SUBJECT: Agenda Item 10g,January 27-28, 1999 Board Meeting-
Water Project Construction Loan Program - General and Financial Matters,
Financial Activity for November and December 1998
• Introduction
Financial activity reports for the Construction Fund summarizing the Colorado Financial
Reporting System (COFRS) reports for Period_4 (October 15 - November 15) and Period 5
(November 15 - December 15) have been prepared to give the Board a continuing update on the
activity in the Construction Fund (see attached lists).
Discussion
A total of$4.83 million was received in loan deposits in the first half of state FY 1998-99,
compared to $4.21 million for the same period last year. Of this amount, $2.02 million was return
of principal and$2.81 million was interest. In contrast, loan disbursements totaling $9.09 million
were made in the same period, compared to $4.07 million for the same period last year(see attached
bar charts). The significant increase is due to the $7.5 million loan to the Eagle Park Reservoir
Company.
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Recommendation .
This agenda item is for your information. We would be happy to answer any questions.
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Attachments L:\BOARDMEMUAN99\10g-Financial Activity.doc