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<br />The present ownership of Fl. Lyon shares and delivery of water by division and also by county is <br />shown below (Smith 1993): <br /> <br /> Share Ownershio and <br />Canal Division Principal County Deliverv Percental!e <br />La Junta Division Otero County 2% <br />Horse Creek Division Bent County 14% <br />Las Animas Division Bent County 23% <br />Limestone Division Bent County 28% <br />Lamar Division Prowers County 33% <br /> <br />Of the 365 stockholder headgates, there are approximately 18 major headgates which serve multiple <br />users, some of which have been organized as lateral companies. There is no distinction made by the <br />Ft. Lyon Canal Company in its prorated delivery of water to either individual stockholder headgates <br />or to lateral headgates. The company has no responsibility for shareholder delivery beyond the <br />channel of the Ft. Lyon canal. <br /> <br />The canal company's standard practice is that deliveries of water to shareholders begin in the <br />upstream division of the canal. When delivery has been made to all laterals in a division, delivery <br />is then shifted to the next lower division. Once water has been delivered to all divisions a run has <br />been completed During each run a shareholder receives a release of approximately 0.015 cfs per <br />share into his lateral for 48 hours. This is also known as a 150% delivery. When there is reduced <br />flow in the canal, the ditch riders extend the delivery time to allow the full allotment to be released. <br />The delivery times for the reduced flow is as follows (Fort Lyon Canal Company 1983): <br /> <br />150% <br />125% <br />100% <br />75% <br /> <br />no extra at 48 hours <br />10 minutes per hour (8 hours over on 48 hours) <br />20 minutes per hour (16 hours over on 48 hours) <br />30 minutes per hour (48 hours over on 48 hours) <br /> <br />56 hours/run <br />64 hours/run <br />96 hours/run <br /> <br />When the Ft. Lyon Canal is restricted to its most senior direct flow water of 165 cfs, it requires <br />approximately one month to complete a run. When the canal is running its full 933 cfs, <br />shareholders usually receive water two days out of every four (Tipton and Kalmbach 1987). <br /> <br />The operations of the canal company are financed through assessments of the shareholders. The <br />1991-1992 assessments were $11.75/share and the 1991-92 operating budget for the company was <br />$1,136,630. Included within the budget were assessments of $1.oo/share for water purchase and <br />$1.oo/share for special projects. The 1991-92 assessment description and operating fund budget <br />is included as Table A3.2 of Appendix 3. <br /> <br />3-7 <br />