BOARD01786

• Board Meeting Date: 1/27/1999
• Description: CF Section - General and Financial Matters - Financial Activity for November and December 1998
• Board Meetings - Doc Type: Memo

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Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone, [phone]
FAX, 13031866-4474

TO:

FROM:

DATE:

SUBJECT:

STATE OF COLORADO

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Bill Owens
Governor

Greg E. Walcher
Executive Director, DNR

MEMORANDUM

Peter H. Evans
Acting Director, eWeB

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Colorado Water Conservation Board Members

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

January 15, 1999

Agenda Item 109, January 27-28, 1999 Board Meeting-
Water Project Construction Loan Program - General and Financial Matters,
Financial Activity for November and December 1998

. Introduction

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Financial activity reports for the Construction Fund summarizing the Colorado Financial
Reporting System (COFRS) reports for Period 4 (October 15 - November 15) and Period 5
(November 15 - December 15) have been prepared to give the Board a continuing update on the
activity in the Construction Fund (see attached lists).

Discussion

A total of $4.83 million was received in loan deposits in the first half of state FY 1998-99,
compared to $4.21 million for the same period last year. Ofthis amount, $2.02 million was return
of principal and $2.81 million was interest. In contrast, loan disbursements totaling $9.09 million
were made in the same period, compared to $4.07 million for the same period last year (see attached
bar charts). The significant increase is due to the $7.5 million loan to the Eagle Park Reservoir
Company.

Recommendation

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

Attachments

L:\BOARDMEMVAN99\IOg. Financial Activity.doc