BOARD00042

• Board Meeting Date: 11/23/1998
• Description: CF Section - General and Financial Matters - Financial Activity for September and October 1998
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone: [phone],3441
FAX: [phone]

STATE OF COLORADO

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Roy Romer
Governor

J~mes S. Lochhead
Executive Director, DNR

O;lries C. lile, RE.
Director. eWeB

MEMORANDUM

TO:

Colorado Water Conservation Board Members

William P. Stanton, P,E. ~.
Chief, Project Planning and Construction Section

FROM:

DATE:

November 9, 1998

SUBJECT:

Agenda Item 29a, November 23-24, 1998 Board Meeting -
Water Project Construction Loan Program - General and Financial Matters,
Financial Activity for September and October 1998

Introduction

Financial activity reports for the Construction Fund summarizing the Colorado Financial
Reporting System (COFRS) reports for Period 2 (August 15 - September 15) and Period 3
(September 15 - October 15) have been prepared to give the Board a continuing update on the
activity in the Construction Fund (see attached lists),

Discussion

A total of$3,81 million was received in loan deposits in the first 4 calendar months of state
FY 1998-99, compared to $3.39 million for the same period last year. Of this amount, $1.71 million
was return of principal and $2.10 million was interest In contrast, loan disbursements totaling $8,01
million were made in the same period, compared to $2,88 million for the same period last year (see
attached bar charts). The significant increase is due to the $7,5 million loan to the Eagle Park
Reservoir Company,

Recommendation

This' agenda item is for your information, We would be happy to answer any questions.

Attachments

L:\BOARDMEM\NOV98\29a Financial Activity.doc