BOARD01419

• Board Meeting Date: 3/29/1999
• Description: CF Section - General and Financial Matters - Financial Activity for December 1998, January and February 1999
• Board Meetings - Doc Type: Memo

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STATE OF COLOMDO

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Colorado Water Conservation Board
Department of Natural Resources
1313 Sherman Street
Denver, Colorado 80203
Phone: [phone]
FAX, 13031 866-4474

MEMORANDUM

Bill Qwens
Governor

Greg E. Walcher
Executive Director, DNR

Peter H. Evans
Director, ewes

TO:

Colorado Water Conservation Board Members

William P. Stanton, P. E. ~~~.
Chief, Project Planning and Construction Section
Lisa Fox, CWCB Accountant

FROM:

DATE:

March 26, 1999

SUBJECT:

Agenda Item 23b, March 29-30, 1999 Board Meeting -
Water Project Construction Loan Program - General and Financial Matters,
Financial Activity for December 1998, January and February 1999

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 6 (December 1 - December 31), Period
7 (January 1 - January 31), and Period 8 (February 1 - February 28) are attached.

Discussion

A total of $5.39 million was received in loan deposits in the first 8 calendar months of state
FY 1998-99, up 13% compared to the same period last year ($4.78 million). Of this amount,
$2.27 million was return of principal and $3.12 million was interest. In contrast, loan
disbursements totaling $9.50 million were made in the first 8 calendar months of state FY 1998-
99, up 67% compared to the same period last year ($5.70 million). Bar charts showing deposits
and disbursements are attached..

Recommendation

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