Southeastern Colorado Water Conservancy District 2000 Annual Report

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Year - 2000 Highlights of the Water Activity Enterprise The Southeastern District established the Southeastern Colorado Water Activity Enterprise ( "the Enterprise ") September 21, 1995. The original purpose of the Enterprise was to administer the sale of Fryingpan- Arkansas Project Water return flows, and to allow any revenues to be accounted for under an enterprise fund instead of the District's general fund. This would require the Enterprise to operate as an outside business of the District as defined by state law and the TABOR provisions of Colorado's constitution. Since 1995 the District has expanded the responsibilities of the Water Activity Enterprise to include the sale of "District- owned" Project Water (allocated Project Water that has been returned to the District) and the repayment of the Safety of Dams (SOD) repair costs for Pueblo Dam RCC (roller - compacted concrete) project. In both cases, the Enterprise was best suited to administer the financial responsibilities of these ventures, and that allowed the District to continue to operate within the bounds of TABOR and stay focused on Fryingpan- Arkansas Project operations and repayment. In 2000 the Water Activity Enterprise generated $199,198 in revenue from the sale of Project Water Return Flows and Enterprise -owned Project Water. In addition, the Enterprise collected $192,632 through the assessment of the Safety of Dams surcharges. These dollars were used to pay the SOD repayment obligation and reimbursed the District for up -front funding the M &I portion of the repair work at Pueblo Dam. In 2000 the Enterprise paid the Bureau of Reclamation $55,205 toward the estimated total of $867,407 for SOD costs owed by the Enterprise. To help meet the groundwater depletion replacement requirements of well owners within the Southeastern District's service area, the Water Activity Enterprise sold 18,197 acre -feet of Project Water Return Flows in the year 2000 and nearly 22,000 acre -feet of Enterprise -owned Project Water. i