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<br />. <br />~ <br /> <br />Notes to the Financial Statement <br /> <br />e <br /> <br />Construction Fund Revenue <br /> <br />Total cash revenue to the Construction Fund is based on the updated Long-Term <br />Financial Projection (LTFP). Cash sources to the CWCB Construction Fund include <br />principal and interest on loans, Mineral Lease Fund distributions, money from lease <br />agreements, interest from cash invested by the State Treasurer, and occasional one-time <br />General Fund transfers if applicable. <br /> <br />Umeserved Cash <br /> <br />Umeserved cash in the Construction Fund at the beginning of the state fiscal year <br />is based on the end of period fffiancial information provided to us by the DNR <br />Accounting Section. <br /> <br />Recommended De-authorized Proiects <br /> <br />The list of de-authorized projects recommended by staff is included in agenda <br />item 10 a-k. If approved, this money will be available for new projects. <br /> <br />e <br /> <br />Administrative and Special Puroose Expenses <br /> <br />Senate Bill 99-215, also known as the 1999 "Long Bill", appropriated a total <br />administration and special purpose budget for the Board of $3,866,346. Up to 50% of the <br />Board's budgeted expenses may be appropriated from the CWCB Construction Fund. <br />Table 1 summarizes the CWCB's spending authority as authorized in the Long Bill. <br /> <br />Severance Tax Trust Fund Peroetual Base Account <br /> <br />Funds available from the Severance Tax Trust Fund Perpetual Base Account are <br />based on actual net cash available on June 30,1999 from the State Treasurer's Office. <br />Interest earned on loans made from this source will accrue to the Severance Tax Trust <br />Fund Perpetual Base Account. <br /> <br />e <br /> <br />Nov99.12b <br />