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<br />Description of the Subdistrict <br /> <br />The Groundwater Management Subdistrict of the Central Colorado Water Conservancy District <br />is located in northeast Colorado along the South Platte River in Adams, Morgan, and Weld <br />counties. Box Elder Creek, Beebe Draw, Big Thompson River, Cache la Poudre River, Crow <br />Creek, and St. Vrain Creek are primary subdrainages. The Subdistrict covers approximately <br />196,000 acres (300 sq mi) and is located wholly within the boundaries of the District as required <br />by state law. <br /> <br />The terrain of the Subdistrict includes both alluvial fill of the South Platte River Valley as well as <br />semi-arid cultivated plains to the east. Precipitation varies between 12-14 inches per year, <br />however, irrigation has created a versatile and extensive agricultural economy. Diverse crops <br />such as com, sweet com, sugar beets, turf grass, small grains, pinto beans, onions, potatoes, <br />carrots, cucumbers, alfalfa, cabbage, and green peppers have contributed to making the growers <br />in the area a leading agriculture production area in the United States. <br /> <br />The water features of the area are in two forms - surface water resources in rivers and lakes, and <br />groundwater resources within the alluvial aquifer of the South Platte River. Stream flows on the <br />South Platte have occurred as high as 30,000 cfs at Kersey during snowmelt periods, but can <br />decline to below 50 cfs during periods of drought. This wide variation in flows has created great <br />incentive to develop surface water and groundwater storage projects in the area. <br /> <br />Financial Analysis of the Subdistrict <br /> <br />The Subdistrict total annual revenues were $881,866 in 2001, and $947,504 in 2002 as shown in <br />Table 1. These funds are obtained from both tax revenues and member assessments for the plan <br />for augmentation. Members ofthe Subdistrict's plan for augmentation paid a total of$123,550 <br />in 2002, which represents 13% of all Subdistrict revenues. <br /> <br />Table 1 <br />Financial Analysis <br />Groundwater Management Subdistrict of the <br />Central Colorado Water Conservancy District <br />2002 <br /> <br />ITEM <br /> <br />1999 <br /> <br />2000 <br /> <br />2001 <br /> <br />2002 <br /> <br />Assessed <br />Valuation <br /> <br />$297,827,860 <br /> <br />$288,536,000 <br /> <br />$323,294,350 <br /> <br />$467,713,912 <br /> <br />Mill Levy <br /> <br />1.889 <br /> <br />1.949 <br /> <br />1.900 <br /> <br />1.514 <br /> <br />Property Tax <br /> <br />3 <br />