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2011 Water Supply Bank Update Monica Van Bussum March 15, 2012

2011 Water Supply Bank Update Monica Van Bussum March 15, 2012. What is “the Bank?”. Exchange market operated by the IWRB to facilitate marketing of water rights Provides mechanism to temporarily change or protect water rights Operated by IDWR for the Idaho Water Resource Board (IWRB).

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2011 Water Supply Bank Update Monica Van Bussum March 15, 2012

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  1. 2011 Water Supply Bank Update Monica Van Bussum March 15, 2012

  2. What is “the Bank?” • Exchange market operated by the IWRB to facilitate marketing of water rights • Provides mechanism to temporarily change or protect water rights • Operated by IDWR for the Idaho Water Resource Board (IWRB) Source: IDAPA 37.02.03.01 and Idaho Code 42-1764

  3. What are the purposes of the Bank? • Encourage the highest beneficial use of water • Provide a source of water supplies to benefit new and supplemental uses • Provide funding source for improving water user facilities and efficiencies Source: Idaho Code Section 42-1761 and IDAPA 37.02.03

  4. What isn’t “the Bank?” • Not a rental pool

  5. Vocabulary • Lease – into the Bank • Rent – from the Bank

  6. The Numbers

  7. 2011 Basin Activity

  8. 2011 Volume • Rental volume: 28,816 AF • 2010 – 23,191 AF • Approximate leased volume: 160,945 AF • Problematic

  9. The Numbers Rental agreements • Number of activerental agreements by type

  10. The Numbers 2011 improvements • Backlog reduction • Data cleanup • Fiscal reporting • Receipting change

  11. The Numbers “The Backlog” • Normal operating levels

  12. The Numbers “The Backlog” • Normal operating levels

  13. The Numbers Looking ahead • Continued process improvement • Rental tracking, GIS and modeling • Write clerical handbook • Reminders to indefinite lessors

  14. 2011 Revenue • $192,824 in rental fees • $144,580 to lessors • $44,607 to IDWR • Multiple lessor/renter agreements • Private agreements

  15. 2011 Revenue – Lease Fee • $27,500 generated by new lease fee • Original projection $37,000 annually • Fee did not go into effect until April • Projection for 2012: $34,000

  16. Overall revenue picture • $44,607 + $27,500 = $72,107 • Staffing Cost: $69,000 • Surplus: $3,107 • 2010: -$35,488 • Total Calculated WSB Cost: $84,000 • $84,000 - $72,107: -$11,893

  17. Questions

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