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<br />1998 District Highlights (continued) <br /> <br />:> <br />:> <br />.. <br />:> <br />o <br /> <br />On a system-wide basis the Program participants stored 174,646 acre.feet. Winter Water stored in Pueblo <br />Reservoir was stored at a reduced rate for the 1998-1999 Program year - S 1.50 per acre-foot. When the storage <br />restrictions on Pueblo Reservoir are lifted, the rate will revert back to $2.80 per acre-foot. <br /> <br />Board Appointments - The district court(s) governing judicial proceedings within the nine-county service area of <br />the District conducted the appointment process for the director positions up for appointment in 1998. The <br />following members where appointed to serve a 4-year term (expiring April 2002): <br /> <br />:. <br /> <br />Ralph Adkins - Pueblo Count~' <br />Denzel Goodwin - Fremont County <br />David Sarton - EI Paso County <br /> <br />In addition, the court(s) appointed Leroy Mauch (Prowers/Kiowa Counties) to fill the vacancy created by the <br />passing of Bob Tempel. (An appointment for the Otero County director position was made January 1999. The <br />court appointed Ron Aschermann.) <br /> <br />Robert Schrader - El Paso County <br />Tom Pointon - Bent County <br /> <br />1998 Budget - Total projected revenues for 1998 were $6,253.994. Total projected expenditures were $5,996,214. <br />Of the total expenditures. 55,123,720 \vere for payments made to the Bureau of Reclamalion (approximately <br />85% of all expenditures). That means that 85 cents of every dollar collected by the District goes to the Bureau <br />(see the auditor's report on pages 12-14 for details of actual expenditures and revenues). <br />In 1998 the District adopted a budget and mill levy that included two separate mill levies. The "contract-repay- <br />ment mill levy" was established so that property tax dollars owed to the Bureau under our repayment contract <br />could be collected within the state's 5 1/2% revenue raising limitation ($3,200,538 was allowed for this purpose <br />in 1998 and was paid in full to the Bureau of Reclamation). It also allows the District to pay these dollars to the <br />Bureau outside the TABOR restrictions as a "pre-TABOR" obligation. The District also levied an "operating mill <br />levy" that collects revenue for the operation of the District ($171,000.) This dual mill levy approach was ap- <br />proved by the State Division of local Government. <br />late in the year the Bureau of Reclamation raised questions regarding our annual property tax payments, stating <br />that our payments had been reduced as a result of TABOR and that the repayment contract does not allow for <br />reductions resulting from state revenue and spending limitation laws enacted after 1988. The "contract repay- <br />ment millieV)''' was established earlier in the year to address the potential impacts of TABOR on the District's <br />ability to meet our federal repayment contract obligations. After lengthy discussions the District and the Bureau <br />were able to agree upon an amendment to our repayment contract that clarifies how the District will calculate <br />the contract.repayment millle\y consistent with the state's 51/2% limitation. The Bureau indicated that they will <br />re-evaluate our payment obligations under our contract on a regular basis (as established in the contract) to <br />determine if the District will remain on target to payoff the Fry-Ark Project debt within the 50-year term. The <br />District shared concerns that increased 0&"'1 costs may have the biggest impact on Project repayment. The <br />Bureau and the District will monitor our repayment status on an annual basis. <br /> <br /> <br />Pueblo Dam Safe{~' of Dams Project <br />Temporal'\' diversions and roller compacted <br />concrete (Ree). <br /> <br />6 <br />