BOARD01286

• Board Meeting Date: 5/11/1998
• Description: CF Section - General and Financial Matters - Financial Activity for March and April 1998
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1 313 Sherman Street
Denver, Colorado 80203
Phone: [phone]
fAX: [phone]

STATE OF COLORADO

(I)

Roy Romer
Governor

MEMORANDUM

J.lmes S. Lochhead
becutlve Director, DNR
DilriesC.lile, P.E.
Director, eweB

TO:

Colorado Water Conservation Board Members

William p, Stanton, p, E, ~~-
.
Chief, Project Planning and Construction Section

FROM:

DATE:

May 1, 1998

SUBJECT:

Agenda Item 23a, May 11-12, 1998 Board Meeting-
Water Project Construction Loan Program - General and Financial Matters,
Financial Activity for March and April 1998

. Introduction

Summary reports of the Colorado Financial Reporting System (COFRS) reports for the
Construction Fund have been prepared to give the Board a continuing update on financial activity
in the Construction Fund, Summary reports for Period 8 (February 15 - March 15) and Period
9 (March 15 - April 15) are attached,

Discussion

A total of $5,63 million was received in loan deposits in the first 10 calendar months of
state FY 1997-98, Of this amount, $2,23 million was return of principal and $3.40 million was
interest. These figures are preliminary since the DNR Accounting Section is in the process of
confirming distribution of principal and interest. In contrast, loan disbursements totaling $6,57
million were made in the same period, Bar charts showing deposits and disbursements are
attached,

Recommendation

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

Attachments

L:IBOARDMEMIMA Y98123A,DOC