BOARD01508

• Board Meeting Date: 7/13/1998
• Description: CF Section - General and Financial Matters - Financial Activity for May and June 1998
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1 31 3 Sherman Street
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

STATE OF COLORADO

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Roy Romer
Governor

MEMORANDUM

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Executive Director. DNR

Daries C. Lire, P.E.
Diredor, eweB

TO:

Colorado Water Conservation Board Members

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

FROM:

DATE:

July 1, 1998

SUBJECT:

Agenda Item 20a, July 13-14, 1998 Board Meeting-
Water Project Construction Loan Program - General and Financial Matters,
Financial Activity for May and June 1998

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 financial activity
in the Construction Fund. Summary reports for Period 10 (April 15 - May 15) and Period 11
(May 15 - June 15) are attached.

Discussion

A total of $6.59 million was received in loan deposits in state FY 1997-98. Of this
amount, $2.50 million was return of principal and $4.09 million was interest. These figures are
preliminary since the DNR Accounting Section is in the process of confirming distribution of
principal and interest on some loans. In contrast, loan disbursements totaling $7.30 million were
made in the same period. Bar charts showing deposits and disbursements are attached.

Recommendation

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

Attachments

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