Components of water assets |
Water assets consist of the following: | | | | | | | (in acre feet, unaudited) | December 31, 2016 | | December 31, 2015 | Banked water and water for future delivery | | | | AVEK water bank | 13,033 |
| | 13,033 |
| Company water bank | 17,287 |
| | 8,700 |
| AVEK water for future delivery | 2,362 |
| | 2,362 |
| Total Company and AVEK banked water | 32,682 |
| | 24,095 |
| Transferable water * | 9,062 |
| | 14,786 |
| Water Contracts | 10,137 |
| | 10,137 |
| Total purchased water - third parties | 51,881 |
| | 49,018 |
| WRMWSD - Contracts with Company | 15,547 |
| | 15,547 |
| TCWD - Contracts with Company | 5,749 |
| | 5,749 |
| TCWD - Banked water contracted to Company | 33,390 |
| | 34,496 |
| Total purchased and contracted water sources in acre feet | 106,567 |
| | 104,810 |
|
*9,061 acre-feet of transferable water with AVEK will be returned to the Company at a 1.5 to 1 factor giving the Company use of a total of 13,594 feet. | | | | | | | | | ($ in thousands) | December 31, 2016 | | December 31, 2015 | Banked water and water for future delivery | $ | 4,779 |
| | $ | 4,779 |
| Transferable water | 9,075 |
| | 9,117 |
| Water Contracts | 29,910 |
| | 31,261 |
| Total long-term assets | 43,764 |
| | 45,157 |
| less: Current portion | (1,351 | ) | | (1,351 | ) | | $ | 42,413 |
| | $ | 43,806 |
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