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Idaho Water Supply Bank: Update 2011-2012

Learn about the Idaho Water Supply Bank, its purposes, operations, revenue, and future plans, including rental agreements and financial insights.

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Idaho Water Supply Bank: Update 2011-2012

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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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