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<br />COLORADO WATER CONSERVATION BOARD
<br />CONSTRUCTION FUND
<br />STATEMENTS OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br />YEARS ENDED JUNE 30, 2002, 2001 AND 2000
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<br />(See Accountant's Compilation Report)
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<br /> 2002 2001 2000
<br />INTEREST REVENUE
<br />Net investment income $ 4,320,761 $ 5,592,115 $ 5,686,367
<br />Interest earnings - loans 6,659,438 3,966,160 5,044,114
<br />Total interest revenue 10,980,199 9,558,275 10,730,481
<br />OTHER REVENUE
<br />Mineral lease income 4,513,769 6,069,323 4,194,325
<br />Severance tax 133,495
<br />Other 8,706 26,273 121,804
<br />Total other revenue 4,522,475 6,095,596 4,449,624
<br />Total revenue 15,502,674 15,653,871 15,180,105
<br />OPERATING EXPENSE
<br />. Interdepartmental operations 5,677,290 2,364,408 2,091,341
<br />Nonreimbursable investments 1,006,904 1,960,644 243,835
<br />Personal services and other operating expenses 1,686,001 2,085,816 2,067,525
<br />Total operating expense 8,370,195 6,410,868 4,402,701
<br />OTHER EXPENSE
<br />Species Conservation Trust contribution 2,000,000
<br />Total other expense 2,000,000
<br />Total expense 8,370,195 6,410,868 6,402,70 I
<br />EXCESS REVENUE OVER
<br />EXPENSES 7,132,479 9,243,003 8,777,404
<br />RETAINED EARNINGS - BEGINNING
<br />OF YEAR 231,616,350 222,373,347 213,595,943
<br />RETAINED EARNINGS - END OF YEAR $ 238,748,829 $ 231,616,350 $ 222,373,347
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