BOARD01840

• Board Meeting Date: 3/10/1998
• Description: CF Section - General and Financial Matters - Financial Activity for January and February 1998
• Board Meetings - Doc Type: Memo

.

.

.

..

Colorado Water Conservation Board
Department of Natural Resources
721 Centennial Building
1313 Sherman Street
Denver, Colorado 80203
Phone: (3D3) 866-3441
FAX, 13031866-4474

STATE OF COLORl\DO

-

Rm Romer
Co'vernol

MEMORANDUM

)<lmes S. lochhe"u
Executive DlreclOr, ONR
DariesC Lile, PE.
Director,eWeB

TO:

Colorado Water Conservation Board Members

WilliamP. Stanton, P. E. 'l'l~?'
Chief, Project Planning and Construction Section

FROM:

DATE:

March 2, 1998

SUBJECT:

Agenda Item 16a, March 10-11, 1998 Board Meeting-
Water Project Construction Lllan Program - General and Financial Matters,
Financial Activity for January and February 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 fmancial activity
in the Construction Fund. Summary reports for Period 6 (December 15 - January 15) and Period
7 (January 15 - February 15) are attached.

Discussion

A total of $4.78 million was received in loan deposits in the fIrst 8 calendar months of state
FY 1997-98, Of this amount, $1.87 million was return of principal and $2.91 million was
interest. These fIgures are preliminary since the D NR Accounting Section is in the process of
confirming distribution of principal and interest. In contrast, loan disbursements totaling $5.70
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

L \BOARDMEM\MAR98\9803-16A.DOC