|
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />I
<br />
<br />COLORADO WATER CONSERVATION BOARD
<br />SEVERANCE TAX TRUST FUND - PERPETUAL BASE ACCOUNT
<br />STATEMENTS OF REVENUE, EXPENSES AND CHANGES IN NET ASSETS
<br />Years Ended June 30, 2004, 2003 and 2002
<br />(See Accountant's Compilation Report)
<br />
<br />2004
<br />
<br />OPERATING REVENUE
<br />Interest revenue
<br />Net investment income
<br />Interest earnings - Loans
<br />Total interest revenue
<br />
<br />$ 1,627,483
<br />1,486,799
<br />3,114,282
<br />
<br />Other revenue
<br />Severance tax
<br />
<br />28,970,874
<br />
<br />32,085,156
<br />
<br />Total operating revenue
<br />
<br />OPERATING EXPENSES
<br />Nonreimbursable investments
<br />
<br />91,824
<br />
<br />OPERATING INCOME/CHANGE IN
<br />NET ASSETS
<br />
<br />31,993,332
<br />
<br />84,875,223
<br />
<br />NET ASSETS - BEGINNING OF YEAR
<br />
<br />$ 116,868,555
<br />
<br />NET ASSETS - END OF YEAR
<br />
<br />3
<br />
<br />2003
<br />
<br />$ 1,175,671
<br />1,381,670
<br />2,557,341
<br />
<br />8,083,702
<br />
<br />10,641,043
<br />
<br />358,778
<br />
<br />10,282,265
<br />
<br />74,592,958
<br />
<br />$84,875,223
<br />
<br />2002
<br />
<br />$ 1,491,450
<br />1,280,476
<br />2,771,926
<br />
<br />14,282,464
<br />
<br />17,054,390
<br />
<br />17,054,390
<br />
<br />57,538,568
<br />
<br />$74,592,958
<br />
|