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<br /> <br />196:i <br /> <br />PRESIDENT'S REPORT <br /> <br />Ladies and Gentleman: <br /> <br />In 1993 The Fort Lyon Canal delivered 35 runs of water with diversion on <br />the Main Canal of 234,531 acre feet which included about 32,950 acre feet of <br />Project water, 45,974 acre feet of Reservoir water and 3,466 acre feet of <br />Great Plains water from John Martin Reservoir. <br /> <br />Due to high moisture conditions when the Winter Storage season ended <br />March 15 of this year, many of our Stockholders could not use their water. A <br />request was made to Tommy Thompson of the Southeastern Colorado Water <br />Conservancy: District for an option of extending the Winter Storage Program <br />for two weeks in the spring. In order to change the Winter Storage Program <br />all participants in the Winter Storage Program must agree on this two week <br />extension. Although you may irrigate or store water in the optionai two week <br />extension, some canals could not agree because they needed their water <br />irrigate onions and since the option to irrigate must be done under the Winter <br />Water Storage percentages, they felt they couid not receive enough river flow <br />to irrigate. <br /> <br />This year,we are asking for $9.00 per share operating expenses, com- <br />pared to $7.50 per share last year. Last year due to a reduction in our labor <br />force and ot~er savings we had $128,766.00 or $1.37 per share in the bank <br />at the end of :the year, which we returned to the Stockholders as a reduction <br />in the 1993 ~ssessments. If you take the $7.50 assessment plus our $1.37 <br />per share in the bank, our operating budget for 1993 was $8.87. Our present <br />requested $9.00 assessment is .13 cents per share higher than last year. <br /> <br />I wish to thank the members of the Board of Directors, all Employees, and <br />the Stockhol~ers for their cooperation and assistance during the year. <br />1 <br /> <br />Respectfully submitted, <br /> <br />Paul Springer <br />President <br /> <br />6 <br />