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Last modified
8/16/2009 2:56:29 PM
Creation date
10/4/2006 6:47:48 AM
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Template:
Board Meetings
Board Meeting Date
11/25/2002
Description
CF Section - CWCB Construction Fund Estimate of Funds Available for New Projects in 2003
Board Meetings - Doc Type
Memo
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<br />- 2- <br /> <br />Notes to the Financial Projection <br /> <br />Construction Fund Revenue <br /> <br />Total cash revenue to the CWCB Construction Fund is based on several sources of income <br />including interest on loans, Mineral Lease Fund distributions, money from lease agreements, interest <br />from cash invested by the State Treasurer, and occasional General Fund transfers if applicable. <br /> <br />Unreserved Cash <br /> <br />Unreserved cash in the Construction Fund at the beginning of the state fiscal year is based on <br />the end of period financial information provided to us by the DNR Accounting Section and <br />sununarized by Clifton Gunderson, LLP in the Year Ending Financial Statement Compilation <br />Report. <br /> <br />Administrative and Special Purpose Expenses <br /> <br />Senate Bill 02-1420, also known as the 2002 "Long Bill", appropriated a total administration <br />and special purpose budget for the Board of $4.84 million. It is anticipated that due to the current <br />statewide budget shortfalls, up to 100% of the Board's budgeted expenses may be appropriated from <br />the CWCB Construction Fund. <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />
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