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<br /> <br />oundation <br />r-Water Education <br /> <br />I, <br />.' \, <br /> <br />p. 0, Box 30015B , Denver, CO B0203 <br />Phone 303,377.4433 , Fax 303,377.4360 , Toll-free B77.H20,4434 <br />www.cfwe.org <br /> <br />~', <br /> <br />e <br /> <br />3rd Quarter 2003 Financial Report to the Colorado <br />Water Congress and the Colorado Water Conservation <br />Board' <br /> <br />The Colorado Foundation for Water Education has received $155,245,00 in <br />revenue as of March 31,2003, Our educational programs have expended $3,975,00 as of <br />the end our third quarter, although this does not include expenses for the recently released <br />Citizen's Guide to Colorado Water Law, which will increase our educational program <br />expenses by $17,777,00, <br /> <br />Our start-up expenses are currently under' budget, at $20,591.00, with only some <br />additional minor additional expenses anticipated, <br /> <br />Administrative costs have been $9,018,OQ year-to-date, while our payroll <br />expenses are currently at $25,823,00 as of March 31, 2003, <br /> <br />We have expended a total of $59,407,00 liS of the end ofthe third quarter 2003, <br />As you look at the Foundation "RECAP" statements for the second and third quarters, ... <br />you will notice a deficiency of $472,00, At our \lext Board meeting, we will amend the ., <br />budget by this amount to reflect a balanced budget. <br /> <br />Thank you for your review of this report, Please direct any questions to either <br />myself or Executive Director, Karla Brown, <br /> <br />Respectfully submitted, <br /> <br />--;;:: <br /> <br />Thomas Long <br />Treasurer <br /> <br />e <br />