PUB00085

• Year: 1999
• Title: Construction Fund Annual Report 1999
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1999
• Publications - Doc Type: CF Annual Report

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. Ga-oeraI Ftrd TralSfer (SB94-203)

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2.0 CWCB Construction Fund

2,( Cash Sources

The ewes Conslruction Fund was created by the Legislature in 1971 through S8
71-21. As a revolving cash fund. the eWeB Construction Fund has become a reliable
source of funding for water resource development projech and slUdies each year. The
Construction Fund is supponed by [he cash sources listed below. The sum of all cash
sources [0 the Construction Fund in FY 99 was $16.60 million.

. Principal and Interest un Loans - The return of principal and interest in FY 99
was reported by COFRS to be 57.15 million. This included 52.88 million in
principal and $4.27 million in interest.
. ~lineral Lease Fund Discribulions - Federal mineral lease revenues from
rentals and royallies are distributed to the stale in a complex. "cascade" formula.
The CWCS receives lO-percent of the distribulion in the tirsl cut (5S77-35).
COFRS reponed lhe CWCS's distribution as 53.82 million in FY 99,
. Interest from the Stale Treasurer - Cash in the Construction Fund is invested
by the State Treasurer and lhe earned interest accrues to the Construction Fund.
In FY 99. the CWCS received 55.58 million in earned inleresl.
. Lease Agreements and Other Sources - COFRS reponed 529,000 from lease
agreements and other sources in FY 99.
. Occasional General Fund Transfen: - There were no General Fund lransfers to
the Construction Fund in FY 99.

CASH SOURCES
CWCB CONSTRUCTION FUND

IIIr1erest frem State T reasu-er

. MreraI Lease Ftrd Dstnbutims

. Prirdpal am Irlerest frem I..c.ans

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CWCS FYIN Annual Replln. page 1\