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<br />Notes to the Financial Statement <br /> <br />.. <br /> <br />Construction Fund Revenue <br /> <br />Total cash revenue to the Construction Fund is based on the updated Long-Term Financial Projection <br />(L TFP). Cash sources to the CWCB Construction Fund include principal and interest on loans, Mineral Lease <br />Fund distributions, money from lease agreements, interest from cash invested by the State Treasurer, and <br />occasional one-time General Fund transfers if applicable, <br /> <br />Unreserved Cash <br /> <br />Unreserved cash in the Construction Fund at the beginning of the state fiscal year is based on the <br />end of period financial information provided to us by the DNR Accounting Section, <br /> <br />Recommended De-authorized Proiects <br /> <br />The list of de-authorized projects recommended by staff is included in agenda item 13, If approved, <br />this money will be available for new projects, <br /> <br />Administrative and Soecial Purpose Exoenses <br /> <br />House Bill 98-1401, also known as the 1998 "Long Bill," appropriated a total administrative and <br />special purpose budget for the Board of $3,57 million, Up to $1,786,928 of the Board's budgeted expenses, <br />or 50,0%-percent, may be appropriated from the CWCB Construction Fund, Table 1 summarizes the CWCB s . <br />spending authority as authorized in the Long Bill. <br /> <br />Severance Tax Trust Fund Perpetual Base Account <br /> <br />Funds available from the Severance Tax Trust Fund Perpetual Base Account are estimated based <br />on a projection provided by the Department of Local Government. Interest earned on loans made from this <br />source will accrue to the Severance Tax Trust Fund Perpetual Base Account. <br /> <br />. <br /> <br />3 <br />