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<br />.... .~:.a <br />iU... ::tI <br />" <br /> <br />t_Ht <br />; ~. t" <br />t. .. <br />-. ,..it'--t. F <br /> <br />!~i: ..~ ";/,0 SECWCD <br />I}j \~ l"~' ,e <br />~ _ '"T ~ + <br /> <br />Year 2002 Highlights - continuEd <br /> <br />Arkansas Valley Conduit Moves Beyond Study Phase <br />In 2002 the stuck phase for the Arkansas Vallev Conduit \\as near completion. GEl Engineering <br />publis:'ed a draft final report in October after holding public meetings to re\ ie\\ the report findings. <br /> <br />Based on the findings or the re~ort apPfO\~al has been gi\en to continue the process of bringing the pipeline ~o <br />Tn.:ition. .-\ ke\ to building t:,e pipeline \\ill be getting federal funding ior pa~t oi the cost OT tile pipe;ine. Feder2.1 <br />legislation is being \\ orked on to prO\ ide the necessar\ funding. <br /> <br />.-\nother big step in mO\ ing the cO:lduit Tom ard. is a stud\~ b\ the BL.:reau OT Recla'nation Reclamation; to update <br />the initial prep2.rator\ \\ ork perTo~'ned \\1en the Fr\~~ngpan - .-\rkansas Project \\as being built. It has been <br />flirty \'ears since that \\ or< \\ as performed. so Rec:amation \\ill need to re\ ie\\ that \\ork as \\ ell as bring the <br />iniormatio:1 up-to-date. 1:1c1udec! i:1 f1e Federal Fiscal \~ear .2003 bt.;dget. is a line item aL.:thor:zi:lg 5300.000 fo~ <br />that stuC\. Reclamatio'l's st\..lO\ is scheduled to be co'11p;eted in 2003. <br /> <br />Ongoing Discussions with Aurora <br />.-\s the Preierred Storage Optio~s Plan grou:1d to a :'alt in 2002. c:iscL.:ssions \\ ith the Ct\" or .-\urora aiso too:-: <br />01 a ne\\ \\rinkle.-\urora orfered 2.rr.end;Tlents to the IntergO\ernrnental ~-\green1ent :IG-\, t;,at \\as agreed to in <br />2001. T:1ese amendments \\ere \oted do\\n at the September Board ~eeting. thus bringi1g the discussions to <br />a stalemate. \ Yith the drought getting \\ orse. Aurora tried to mO\ e their second purchase of Rock\ Ford Ditch <br />\\ater. T;,is \\as objected to b\~ the District. and hopeiull\" the matter \\ill be :legotiatec: in 2003, as 80th sides <br />seek a solL.:tion to the PSOP stalemate. <br /> <br />o & M Transfer Study Continues <br />The 0 &. \l Trarsfer Stud\ that \\as begun in 2001 rinal\~ r.1ade some p~ogress in 2002. .-\fter 11am setbacks <br />due to the 9 11 traged\", Reclamation \Vas ab!e to con1p;ete the first part of the stuck-\n exte'lsion of the <br />\le:l1Ofand..Jm of L nderstandi:lg ; \ lOL: j \\as signed i'l Dece~ber to co:-npiete the stuch~ in 2003. <br /> <br />2002 Budget <br />T1e record setting drought 6~o\..lght SO'lle major consequences to the District budget in 2002. Project \\ate~ sa;es <br />for irrigation \\ere onl\ 521.396 the !o\\est le\el sir:ce 1983. .\1&1 \\ater sa:es \\ere onh" 539.21-1-. These in turn <br />reduced Return Flo\\ sales for the \ear and \\ill also afrect 2003 Ret;Jrn Flo\\ sales. <br /> <br />.-\d Va orem tax collectio'ls. ho\\e\er. conti:1L.;ed to 5:10\\ grO\\ th as t:1e Contract Re:Ja\"r.1ent millle\ \~ of .80-=' 11ills <br />- -. - "- I . <br />generated 5-1-.-1-15.275. The Operating millle\ \" of .038 mills prO\ ided 5209.025 for the dailv operations of the <br />District. Additionail\. the Speciiic 0\\ nership tax contributed 5;-20.-1-90 to the D1strict. <br /> <br />Wit:' the e\er declini:1g interes~ rates during the \~ear. interest income slipped to 5-1-29.1 05. HO\\e\e~. the D~strict <br />\\as able to increase its imestme:lts to 58.69-1-.-1-33 as a result of 2.n increase to OL;r net equit\. position. <br /> <br />As the Prefer'ed Storage Options Pla:1 slO\\ed dO\\n because of the inabilit\ to mO\e Federal legislation. the expenses <br />Tor that project \\ere ;leld to 5262.061. These expenses \\ere i:1 turn rei'llb~Ysed b\ t:'e pa~ticipants in t:1e p~ocess. <br /> <br />0\ eall 2002 fi:lanciall\' \\as a :"nixed bag or 'nedium grO\\ t:'. drOL;ght implications a:1d a slO\\ clo\\ n to our <br />progress OT trvirg to build for the future. <br /> <br />. 10 . <br />