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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />2.0 Construction Fund <br /> <br />2.1 Fund Equity <br /> <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 />Financial Reporting System (COFRS) was $174.0 million on June 30, 1995, the end of FY 94-95. <br /> <br />This included approximately $73.6 million in outstanding loan principal receivable from <br />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 /> <br />TABLE 1 <br /> <br />Colorado Water Conservation Board <br />Financial Statements FY 94-95 <br /> <br /> Actual Actual Actual <br />Fund Equity June 30 1993 June 30 1994 June 30 1995 <br />Outstandin9 Loans Receivable $52,201,070 62.864,672 73,642,953 <br />Reserved fD' Authorized Projects - Unde, Contract 29,919,132 31.401,070 26,587,562 <br />Reserved fD' Authorized Projects - Not Unde, Contract 52,274,347 51,140,622 74,215.404 <br />Unreserved Cash or 'Working Balance" 2,860,600 61,869 (490,674) <br />Total Fund Equity on June 30 $137,255,149 $145.468,233 $173,955,245 <br /> <br />CWCB Annual Report, page 5 <br />