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I I I I I I I I I I I I I I I I I I I 3. Authority to enter into contractual arrangements 4. The authority to vest title to a portion of the proposed project in the Colorado Water Conservation Board to secure the anticipated advanced funds. A copy of the decree establishing the Dolores Water Conservancy District is in- cluded in the Appendix as Exhibit A-l, C. FINANCIAL STATUS The budgets adopted for 1979 and 1980 are given in Table A-4 of the Appendix. Included in the Appendix as Exhibit A-2 is the Audit Report for 1978. D. PHYSICAL ASSETS The Dolores Water Conservancy District is not currently providing any water treat- ment or transmission services, nor is it, as yet, managing any Dolores Project facilities. Therefore, the present physical assets are limited to the general office equipment which is valued at approximately $12,000. The district, of course, will ultimately be responsible for operating the water treatment and transmission systems proposed in this report, as well as the dam, tunnel, canals and equipment associated with the Dolores Project. In the future, after the Bureau of Reclamation has fulfilled its obligations in the area, the district will have a considerable interest in the Dolores River Project office building which is currently under construction. Under the provisions of a contract between the Dolores Water Conservancy District and the Bureau of Reclamation, the district will obtain sufficient water rights for the supplemental municipal and industrial supplies requested. The district will be responsible for providing payment covering the delivery costs and operation and maintenance costs associated with both project and non-project water. The re- payment obligation is to be in effect a period of fifty years or less. Estimated amounts of disbursement are contingent upon the actual cost of the facilities. The assessed valuation for 1980 of the parts of Dolores and Montezuma Counties contained within the district is $37,911,086. -11-