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<br />~ <br /> <br />. <br /> <br />. <br /> <br />Colorado Water Conservation Board <br />Department of Natural Resources <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />Phone' 13031 866-3441 <br />FAX, 13031866-4474 <br /> <br />STATE OF COLORADO <br /> <br />. <br /> <br />MEMORANDUM <br /> <br />Bill Owens <br />Governor <br /> <br />Greg E. Walcher <br />Executive Director, ONR <br /> <br />Peter H. Evans <br />Director, ewes <br /> <br />TO: <br /> <br />Colorado Water Conservation Board Members <br /> <br />William P. Slanton. P.E. ~ / <br />Chief, Project Planning and Construction Section <br /> <br />FROM: <br /> <br />DATE: <br /> <br />March 25, 1999 <br /> <br />SUBJECT: <br /> <br />Agenda Item 23h, March 29-30, 1999 Board Meeting - <br />Water Project Construction Loan Program- <br />Long-Term Financial Projection <br /> <br />A copy of the revised CWCB Long-Term Financial Projection for the CWCB Construction <br />Fund and the Severance Tax Trust Fund should be included with your notebook materials. The <br />forecast period is over ten years ftom FY1999 through FY2008. This report is a revision of the <br />draft report I presented to you at the January meeting in Northglenn. <br /> <br />The purpose of the Long-Term Financial Projection is to determine the cash requirements <br />of the CWCB Construction Fund and the Perpetual Base Account of the Severallce Tax Trust <br />Fund. The report incorporates several recommendations of the 1998 Performance Audit. <br /> <br />Expenditures from th~ Construction Fund are projected to be $250.6 million over the next <br />ten years. Of this amount, approximately $176.0 million is for reimbursable projects and $74.6 <br />million for non-reimbursable projects. Existing cash sources to the fund are projected to be <br />approximately $183.3 million over the next ten years. The total cash balance of the Construction <br />Fund is estimated to decline from about $88.8 million at the end ofFY 99 to about $31.3 million <br />by about the end ofFY03 and remain at about that level to the end of the forecast period. <br /> <br />Expenditures from the Perpetual Base Account (PBA) are projected to be $80.9 million <br />over the next ten years solely for reimbursable projects. Existing cash sources to the PBA are <br />projected to be approximately $77.8 million over the next ten years, The total cash balance of <br />the PBA is estimated to range from $8.6 to $13.2 million. <br /> <br />Attachment <br /> <br />LlBOARDMEM\JMARCH99\9903-23h - Projection <br /> <br />1 <br />