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<br />~ <br /> <br />. <br /> <br />Annual Report <br />January. 1987 <br />Page Two <br /> <br />2. No applications for domestic water treatment and dis- <br />tribution systems or flood control projects have been <br />accepted by the Board since March, 1981. <br /> <br />3. All feasibility studies initiated by the Board include <br />the information required by criteria (IX). <br /> <br />Administrative Expenditures Durinq FY 85-86 <br /> <br />The following expenditures of construction fund moneys <br />were made during FY 85-86 pursuant to section 37-60-121 (4), <br />CRS, which moneys were appropriated by the long bill for FY <br />85-86. <br /> <br />Personal Services <br />operating <br />Travel <br />capital <br />Legal Services <br /> <br />Total <br /> <br />$452,987 <br />29,914 <br />24,109 <br />9,568 <br />32,691 <br /> <br />$549,269 <br /> <br />. <br /> <br />The Board would note that the amounts appropriated by the <br />General Assembly substantially exceed the costs of <br />administering the construction fund program. Thus, <br />construction fund monies are necessarily being spent for <br />activities not related to the administration of the <br />construction fund program. <br /> <br />Status of Construction Fund <br /> <br />Pursuant to H.B. 1340 (1986 session), $20 million was <br />"borrowed" from the construction fund. This sum, plus acc.rued <br />interest, is to be repaid at the conclusion of FY 1986-87. <br />Table 2 gives details of the cumulative status of the <br />construction fund from its inception through December 31, 1986, <br />with the $20 million reflected as a debit against available <br />funds pending its repayment. <br /> <br />gl <br /> <br />Encls: Table 1 <br />Table 2 <br />project Summaries <br /> <br />. <br />