BOARD01152

• Board Meeting Date: 5/24/1999
• Description: CF Section - General and Financial Matters - Financial Activity for March and April 1999
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board

Department of Natural Resources
1313 Sherman Street
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

STATE OF COLORADO

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Bill Owens
Governor

MEMORANDUM

Greg E. Walcher
Executive Director, DNR

Peter H. Evans
Director, eWeB

TO:

Colorado Water cinsje ation Board Members

Mike Serlet, P. E.
Chief, Project Pia and Construction Section

FROM:

DATE:

May 17, 1999

SUBJECT:

Agenda Item 20b, May 24-25, 1999 Board Meeting -
Water Project Construction Loan Program - General and Financial Matters,
Financial Activity for March and April, 1999

Introduction

Summary reports of the Colorado Financial Reporting System (CO FRS) reports for the
Construction Fund have been prepared to give the Board a continuing update on fmancial activity
in the Construction Fund. Summary reports for Period 9 (March 1 - March 31), and Period 10
(April 1 - April 30) are attached.

Discussion

A total of $5.6 million was received in loan deposits in the first 10 calendar months of state
FY 1998-99, down 2% compared to the same period last year ($5.7 million). Of this amount,
$2.34 million was return of principal and $3.27 million was interest. In contrast, loan
disbursements totaling $10,157,338 million were made in the first 10 calendar months of state FY
1998-99, up 36% compared to the same period last year ($6,571,133). Bar charts showing
deposits and disbursements are attached.

Recommendation

This agenda item is for your information. We would be happy to answer any questions.