PUB00134

• Year: 1998
• Title: Construction Fund Annual Report 1998
• CWCB Section: Finance
• Author: CWCB
• Description: Construction Fund Annual Report 1998
• Publications - Doc Type: CF Annual Report

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2.0 CWCB Construction Fund

2.1 Cash Sources

The eWeB Construction Fund was created by the LegislalUre 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 projects and studies each year. The Construction Fund is supported by
the cash sources listed below. The sum of all cash sources to the Construction Fund in FY 98 was
515.76 million.

. I)rincipal and Interest on I.oans - The return of principal and interest in FY 98 was
reported by COFRS to be 56.65 million. This included 52.70 million in principal and 53.95
million in interest.
_'lineral Lease Fund Distributions. Federal mineral lease revenues fro111 rentals and
royalties are distributed to the state in a complex "cascade" formula. The CWCB receives
lO-percent of the distnbulion in the first cut (SB77-35) COFRS reported the CWCB's
distribution as 54.2-l. million in FY 98.
. Interest from the Slate rre:lsurer - Cash in the Constmction Fund is invested by the Slate
Treasurer and the earned interest accrues to the Construction Fund. In FY 98, the CWCB
received $-l..85 million in earned interest.
. Le:Ise Agreements and Other Sources - COFRS reported S 17.257 from lease agreements
and other sources in FY 98.
. Occasional General Fund Transfers - There were no General Fund transfers to the
Construction Fund in FY 98.

CASH SOURCES
CWCS Construction Fund

40

-r-:- Pnncipal a. Int:eSllrom loans
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30

. Mmerallease Fund Olstnbubons

_ Other lease Agreements
. Interesllrom the State Treasurer
_ General Fund Transfer (SB 94-203)

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FY 93.94

FY 95-96

FY 97.98

FY 96-97

FY 94-95

eWeB FY9S Annual Report, page 5