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Table 4 <br />VALCO, INC. <br />SWSP ACCOUNTING PROJECTION <br />Lamar East Pit <br />(all values in acre -feet unless otherwise indicated) <br />Month <br />Annual Total <br />0 erations <br />Exposed <br />Water <br />Surface <br />(ac) <br />Gravel <br />Production <br />(tons <br />0 <br />Re.lacement Re.uirement <br />Net <br />Evaporative <br />De letions <br />Water in <br />Mined <br />Gravel <br />92.21 <br />0.00 <br />Total <br />A <br />kOW:t 5 .4 <br />3 <br />4 <br />92.21 <br />1 ro <br />8 <br />9 <br />Remaining <br />Depletions <br />( -) /Surplus <br />Credit + <br />10 <br />0 <br />LAWMA Credits <br />LAWMA LAWMA <br />Common Preferred <br />Credits Used Credits Used <br />6 <br />7 <br />8.00 <br />84.21 <br />PBWW Lease <br />Requested Required <br />Amount Amount <br />0.00 <br />0.00 <br />0.00 <br />Notes: Shaded months correspond with projection data, non- shaded mouths correspond with actual data. <br />[1] Total exposed groundwater surface area in the pit. Increases to the July 2005 measured area are estimated by Valco. <br />[2] Total gravel mined below the groundwater table as reported by Valco. <br />[3] Required evaporative replacement based upon the following: Equals ([1] - 15.4 ac) x 3.1 ft x monthly% <br />13 20 ac = pre -1981 exposed groundwater surface area (does not require augmentation) <br />4.15 feet = annual net evaporation rate at the site <br />[4] Water in mined gravel is 4% by weight of the gravel produced. Equals [2] x (1/1359 af/ton of water) x 4 %. <br />[5] Total depletions requiring replacement. Equals [3] + [4]. <br />[6] Consumptive use credit for 8 common LAWMA shares at 100% allocation is 8 af/yr, (based on 2011 allocation). <br />[7] Consumptive use credit for 90 preferred LAWMA shares is 90 af/yr. Equals greater of zero and [5] - [6]. <br />[8] Pueblo Board of Water Works scheduled release for Rocky Ford East Pit. <br />[9] Required Pueblo Board of Water Works lease volume needed to replace remaining depletions. Equals greater of zero and [5] - [6] - [7]. <br />[10] Remaining Depletions ( -) or Surplus Credit ( +) after accounting for replacement sources. Equals [6] + [7] + [8] - [5]. <br />