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<br />COLORADO WATER CONSERVATION BOARD
<br />CONSTRUCTION FUND
<br />STATEMENTS OF NET ASSETS
<br />June 30, 2003, 2002 and 2001
<br />(See Accountant's Compilation Report)
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<br />2003
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<br />2002
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<br />2001
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<br />CURRENT ASSETS
<br />Cash and cash equivalents $ 83,970,685 $ 88,077,654 $ 94,996,879
<br />Receivables
<br />Interest receivable/loans 3,981,480 3,956,205 4,464,592
<br />Loans receivable - Current 5,142,449 5,420,508 3,461,302
<br /> 9,123,929 9,376,713 7,925,894
<br />Prepaid expenses 51,070 2,591
<br />Total current assets 93,094,614 97,505,437 102,925,364
<br />NONCURRENT ASSETS
<br />Loans receivable - Long term 153,247,995 142,150,053 130,918,164
<br />Total noncurrent assets 153,247,995 142,150,053 130,918,164
<br />Total assets $ 246,342,609 $ 239,655,490 $ 233,;43,528.
<br />CURRENT LIABILITIES
<br />Accounts payable $ 426,743 $ 378,821 $ 422,316
<br />Projects payable 516,500 1,804,862
<br />Due to Severance Tax Trust Fund
<br />Perpetual Base Account 560,396 527,840
<br />Total current liabilities 1,503;639 906,661 2,227,178
<br />NET ASSETS
<br />Restricted
<br />Restricted for loans 153,247,995 142,150,053 130,918,164
<br />Restricted for authorized projects under contract 22,325,949 10,940,267 21,047,428
<br />Restricted for authorized projects not under contract 65,996,619 58,981,750 60,605,257
<br />Unrestricted 3,268,407 26,676,759 19,045,501
<br />Total net assets 244,838,970 238,748,829 231,616,350
<br />Total liabilities and net assets $ 246,342,609 $ 239,655,490 $ 233,843,528
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