>They lump the interest earned in
>with sales and donations but
>it was a $13.7 million
>dollar line item a couple
>years ago. I doubt they
>made much money off hats
>and coffee mugs.
>
>
>
http://cpw.state.co.us/aboutus/Pages/AnnualReports.aspx
As I told you:
Here is a quote straight from the email response I got:
Simply put there is no way to make any money on such a short term account. Honestly the money is only in the CPW hands for a handful of weeks. No matter what short term money will have such a low interest rate it will not make any significant amount.
Interest is occurred from long term investments and long term accounts. For example the reserve fund which is several millon dollars sitting in an account all year long.
Here is the email I recieved. Realize that they have some longterm invesments that pay out money, but it is not from holding fees while the draw takes place.
Thanks for asking the question Rob. First, to address your license interest question- we do not hold license revenue for interest purposes. This is folklore. Interest rates are way too low (2% on savings accounts) right now to even make a little difference. Even if interest rates were higher, these would have to be long term investments to make any significant revenue. It I simply not a viable-realistic funding strategy.
Here?s the breakdown of that ?slice of the pie?
Sales of Goods Services and Assets: $2.8 million
Donations - $880,000
Interest Income (Long Term) - $1.1 million
Other - $8.9 million
Parks ? includes sale of assets, interest on long-term accounts, sales of retail products at Parks, and other minor sources of income.
Wildlife ? includes state non-game income tax check-off, sheep and goat donations, interest on long-term accounts, sales of retail products and other minor sources of income.
The other category includes several sources, including insurance recovery (largest source), court ordered fines and charges for violations, private grants and contracts, etc. Most of the interest income is generated from legislatively mandated accounts for ?rainy-day? purposes.