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<br />REPAYMENT CONTRACT STATUS
<br />
<br />TotaIP.y~...ta$S7,tS1.30'
<br />
<br />P_yTao.
<br />1391W.03J
<br />
<br />199'P.ymenta$.4.33&.139
<br />f>_~T..
<br />S3.:lOO~
<br />
<br />
<br />_'7320,089
<br />
<br />
<br />OIrw$<l8JJ6!;O
<br />
<br />The abovt:' charts show payments the District has made to the U.S. Bureau of Reclamation toward repayment oi reimbursable
<br />costs of the Fryingpan-Arkansas Project. The chart on the right retlects payments of $4,335,539 to the Bureau during calendar
<br />year 1998 from all revenue sources including property taxes ($3.200.538), Project Water sales ($645.341) and other payments
<br />1$489,660).
<br />
<br />Property tax payments are from the District's ad valorem tax collections designated for repayment oi Ihe fry.Ark Project which
<br />represent 95% oi the District's latal properly la, colleclions. All revenues from annual Project Water allocations (S7.00 per acre-foal)
<br />are transferred directly to the Bureau. In previous ye.1rs. all revenues from \Vinter Water storage charges have been transferred
<br />directly to the Bure.1u. The District had no 1998 Winter Water storage revenues because of the Bureau's Saiety of Dams water-level
<br />restriction in effeCl at Pueblo Reservoir. Other payments are direct remJUances to the Bureau for use of Fry-Ark Project facilities by
<br />various water users for storage and delivery of non-prOject water and are also credited to the repayment oi Project debt
<br />
<br />The chart on the left shows total payments 10 the Bureau since the 1981 Repayment Contract was signed by the District Re-
<br />flected in the chart are total payments of 557.95 1,301 irom all revenue sources Including property taxes (539.' 99,033), Project
<br />Woller sales ($9,104.7431, Winter Water storage charges ($2,327,436) and other payments (S7.JlO.089).
<br />
<br />The Repayment Contract requires that revenues first be applied to annual operation and maintenance COSIS. then to Municipal
<br />and Industrial (M&I) interest, next to M&l debt obligation. and lastly to Irrigation debt obligation. Total payments. 1982 through
<br />September 30, 1998, are 557,951,301 and have been applied as follo....s; 0&1\\ costs ($ 11,044,' 80), interest ($27,506,285), and
<br />debt obligation pavments of S 19,400,836 including M~r"r (S 15,565,8(9) and Irrigation ($3,834,957).
<br />
<br />Based upon the Buteau's Final Co'" Alloratlon of Prolect Con"'ruc!ion Costs (1993) and Co'" and ReDa"ment Schf'dule (1996) for
<br />the Fry-Ark ProJect, the District's total rep.1yment obligatIon (e\duding Fountain Valley Authority Pipeline) amounted to S 132.237,478
<br />mcluding 557.888.485 ior MO.l and 574,348,993 for Irrigation, After applvmg the debt obligation payments mentioned above,
<br />the remaining unpaid balance at September 30, I 998 is $112,836.642 (,\.t&1 $...2,322,606; Irrigation $70,51...,036). (Buteau's
<br />199i and 1998 Repavment Summaries are currently undergoing revle", by Bureau staff.)
<br />
<br />Beginning Balance, 1982
<br />le5S: Pa"ment5 (FFY 198:! - 1998)
<br />
<br />.\1&1
<br />57.888,485
<br />15,565.879
<br />
<br />Irrigation
<br />7",,3...8,993
<br />3,8H,957
<br />
<br />Tolal
<br />132,237,478
<br />19,400.836
<br />
<br />Ending Balance, Sep. 30.1998
<br />
<br />42.322,606
<br />
<br />70,514,036
<br />
<br />112.836,6..\2
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<br />15
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