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I I 1033 I I I I I I I I I I I I I I I I I Final PSOP Implementation Committee Report Southeastern Colorado Water Activity Enterprise April 19, 2001 Section 9 - Water Activity Fund for Project O&M The continued successful operation of the Fry-Ark Project depends on maintaining Project facilities in a safe and good condition. To assure that any needed repairs would be performed in a timely manner, PSOP participants agreed to implement a Water Activity Fund. The Enterprise is currently making annual payments to Reclamation and the District for the Safety of Dams repairs made to Pueblo Dam. This is being funded by a surcharge on all water sales and storage contracts, In addition, the District realizes the need to begin a fund to help pay for major repair items on the Project that are looming on the horizon (O&M Reserve Fund), as well as to study taking over O&M on part of the Project. To this end, the Enterprise will combine all three of these expenses in one surcharge. The Water Activities Fund surcharge will begin in 2002 and will be charged on all water sales and storage contracts, Annual payments of $150,000 for the Safety of Dams repairs will be made from this fund. The remaining collections will be compiled to establish a sinking fund for the purpose of establishing the O&M Reserve Fund and funding the possible transfer of O&M responsibility to the District/Enterprise. Following is the proposed rate schedule for the Water Activities Fund, .. ----:- Proposed Rates 2002 . . " . . In District Out of District Ag M&I Project Water $ 1,25 $ 2,00 Carryover Water $ 2,25 If & When/Re-operations $ 1,00 $ 6,00 Winter Water $ 0,25 Return Flows $ 0,50 22 9906IFin;alPSOPR~n