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. . . 00098(; - Report of the Regional Director Annual bene!! ts Irriga tion. . . . P.ecreation. . . . . Fish and wildlife Total annual beneti ts . . $9,052 1,287 5,810 !>l6,lh9 . . . . Annual cOsts Equivalent project costs. . Operation, ~aintenance and replace~nt . . . . . Total annual costs. . . 538,207 260 . ~;38,490 . . 0.42 to 1.00 Ratio of benefits to costs. . RE?A~.1ENT L2. Capacity to store about 8,650 acre-feet of 'Water annually in the Braziel Reservoir would enable the reter.tion of up to that 3L1Ount in the Guern.:::ey or in the Pathfinrjer R.eservoirs 1'or use else- where on the tiorth ?latt.e [roject. A similar situation was created 1Vten the regulatory La:<es Alice and Finatare were constructed for the Interstate Division on the north side of the riVer. It precedent was thereby establiohed when the cOst of these two reservoirs was charged to the Pathfinder Irrigation District alo~e rather than allocated proportionately among th~e benefited directly or indirectly. If sUco a preceder.t were to be followed in the case of Braziel ReservOir, the entire cost of the proposed works would be borne by the Gering and Ft. Laramie Irrigation District and by the Goshen Irrigation District. LJ. Of the 54,8/JL. acres of irrigable land in the Gering & Ft. Laramie Irrigation District entirely ser'led by the Ft. Laramie Canal, b,700 acres are "atered by tile ;;orse Creek Lateral SYlltem below Mile 6.0, the potential point of diversion for Braziel Reservoir water. All of the 52,487 acres i~ the ~shen Irrigation District are also served by the rt. Larar~e Canal. Lands already served by the Horse Cree"~ Lateral system. in the Joshen Irrigation District above Hile 6.0 Would ccntinue to receiVe water from that system. EconOmic etudies indicate that the two districts are in gOod financial con- d! tion. There are few tax delinquenciee, !!:ortgages have been retired or reduced in recent years, aOO tank deposits are at a high level. Application of the IncoIre-to_Land nethod of anal YSis indicates the average paYlD;!nt capacity of the two districts would be ';2.19 an acre. The Far:n Budget method Yields an a vera5:e repayment capacity of ':2.81 an acre. 11 (Rev.)