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<br />. <br /> <br />. <br /> <br />Colorado Water Conservation Board <br />November 15-16. 2005 Meeting <br />Severance Tax Trust Fund - Perpetual Base Account <br />Financial Projections <br /> <br />Projected Cash for New Projects <br /> <br />FY 2005-06 <br /> <br />Unreserved Cash at Beginning 01 Year <br />STTF Perpetual Base Account Severance Tax Revenue (FY 05-06 Revenue) <br />srTF Perpetual Base Account Cash Sources (FY 05-06 Revenue) <br />Project De.Aulhoriza1ions <br /> <br />. <br /> <br />,.W200!> <br /> <br />S 36,600,000 Unreserved Balance on 7-1-2005 <br />S 47.752,500 25% Share of Severance Tax Revenue <br />S 5,000,000 Principal + Interest on Loans + Inlarest on Fund Balance <br />S <br /> <br />Total Projected Cash from srTF Perpetual Base Account <br /> <br />S 89,352,500 <br /> <br />T alai Unreserved Cash Available for New Projects and Other Expenses <br /> <br />$ 89,352,500 <br /> <br />Projected Expenses <br /> <br />PwviouSly Approved Small PrOject Loans in FY06 <br /> <br />S 13,200,000 <br /> <br />Projected Additional Small Project Loans through FY06 <br /> <br />S 26,400,000 <br /> <br />Recommended Modifications to Previous PrOject Authorizations <br />FY06 <br /> <br />S 81.810 <br /> <br />Recommended New Construction Project loans <br />November 2005 <br /> <br />S 545,400 <br /> <br />Total Projected Expenses to Severance Tax Trust Fund Perpetual Base Account <br /> <br />$ 40,227,210 <br /> <br />Projected STTF Perpetual Base Account Balance <br /> <br />$ 49,125,290 Projected Unreserved Balance on 7-1-2006 <br /> <br />- Colf.lfad(1 's ll~t'rnated 10 nlllld an IIdd,honal 630,000 ae It oT water by year 2030 E~t'mated !ulum ,nTrastrUClure ~ts assOClated w,th the dllveloprrlllnt oT <br />oflhosc!lowscouldranllllfrom$12,OOOI0$1/,OOOperach The Severance Tax Trusl Fund Pllrpetual Base Acoounl, plusadd'llonalsource soflundl"ll, <br />w.llbo necassary to provldllthe onfrastruclure required 10 meet Colorado's fulure water rl6llds <br /> <br />NoTe FY 2005-06 Rllvenuo EShmale Calculated as FOllows Stllr1 wllh OSPS's September 20. 2005 estimate 01 $200.3 million in sldlewtde <br />severl!f1C(ILHx oollm:lions Deductlegislatove CourIC"', estlmata lhat FY 2005-06 Inleras! Earn;r.gs will t>e $9 29 million From these fIgures. <br />DNR llst,mates th.illlhe Stale wrll earn $'9101 in lolal sevllrance tax revenues 'n FY 2005.06. Of lh,samount. 25 percent or $47,752,500 <br />w,11 be depos,ted 'nlo Ihe Perpetual Base Account Based on h.slor>cal Informahon, DNR further believes lhe 8ase Perpetual Account will earn <br />$50 million in FY 7005-061rom interest earnIng as well as repayment of principal & interesl on loans <br /> <br />N<MI5Ittrm220STfur>.JBdun<;(: <br />