Long Term Water Assets (Tables)

6 Months Ended

Jun. 30, 2014

Water assets consist of the following:



(in acre feet, unaudited)	June 30, 2014	December 31, 2013
Banked water and water for future delivery
AVEK water bank	13,461	12,280
Company water bank	8,700	8,818
AVEK water for future delivery	2,362	2,362
Total Company and AVEK banked water	24,523	23,460
Transferable water with AVEK*	14,786	14,786
Water Contracts	10,137	10,137
Total purchased water - third parties	49,446	48,383
WRMWSD - Contracts with Company	15,547	15,547
TCWD - Contracts with Company	5,749	5,479
TCWD - Banked water contracted to Company	37,552	42,685
Total purchased and contracted water sources in acre feet	108,294	112,094

*Any transferable water with AVEK that is used by the Company or returned by AVEK to the Company will be returned at a 1.5 to 1 factor giving the Company use of a total of 22,179 acre feet.



($ in thousands)	June 30, 2014			December 31, 2013
Banked water and water for future delivery	$	4,779		$	4,779
Transferable water	9,309			8,988
Water Contracts (net of accumulated amortization of $3,512 and $2,837 at June 30, 2014 and December 2013, respectively)	33,288			33,804
Total long-term assets	47,376			47,571
less: Current portion	(1,351		)	(817		)
	$	46,025		$	46,754