2000 Severance Tax Financial Statement

• Year: 2000
• Title: Severance Tax Trust Fund
• Description: Severance Tax Trust Fund 2000 Financial Statement
• Publications - Doc Type: Financial Statement

a n Principals
Jack C.Schroeder
chooneveld and Co. Inc. Larry R. Beardsley
Richard M.Carlson
5 Mark D. Elmshauser
Certified Public Accountants Kevin F.Collins
Board of Directors
Colorado Water Conservation Board
Denver,Colorado
We have compiled the accompanying balance sheets of the Colorado Water Conservation Board,
Severance Tax Trust Fund-Perpetual Base Account as of June 30,2000, 1999 and 1998 and the
related statements of revenue, expenses and changes in retained earnings and schedules of cash
sources and cash uses for the years then ended, in accordance with.Statements on Standards for
Accounting and Review Services issued by the American Institute of Certified Public Accountants.
A compilation is limited to presenting in the form of financial statements information that is the
representation of management. We have not audited or reviewed the accompanying financial
statements and, accordingly, do not express an opinion or any other form of assurance on them.
The amount reported as interest receivable/loans represent the amount estimated to be received
during the subsequent fiscal year and not the amount due since the last installment payment until
the end of the fiscal year. Accordingly, this presentation is not in accordance with generally
accepted accounting principals for an accrual basis presentation. The effects of this departure from
generally accepted accounting principles on the accompanying financial statements has not been
determined.
The financial statement of the Colorado Water Conservation Board, Severance Tax Trust Fund
Perpetual Base Account is intended to present the financial position of only that portion of the
funds of the Colorado Water Conservation Board that is attributable to the transactions of the
Colorado Water Conservation Board, Severance Tax Trust Fund-Perpetual Base Account.
Management has elected to omit the statement of cash flows and all of the disclosures required by
generally accepted accounting principles. If the omitted disclosures were included in the financial
statements,they might influence the user's conclusions about the Fund's financial position,results
of operations and cash flows. Accordingly,these financial statements are not designed for those
who are not informed about such matters.
January 17,2001
6000 Greenwood Plaza Blvd.,#110•Greenwood Village,CO 80111-4817
303-779-4000• FAX [phone]•E-mail: [e-mail]
Members:American Institute of Certified Public Accountants-S.E.C.and Private Practice Sections•Colorado Society of Certified Public Accountants
•
•