The AWBA submits an Annual Report by July 1st of each year to the Governor, President of the Senate and Speaker of the House of Representatives. The Annual Report details the AWBA's activities for the previous calendar year, including the volume of water stored for future use and progress made on satisfying the State's Indian settlement responsibilities. The Annual Report provides a summary of Water Bank transactions during the preceding calendar year. This includes Water Bank revenues and expenditures, the total amount of water stored, the total amount of long-term storage credits distributed or extinguished by the Water Bank and the 10-year Plan which describes water banking services the AWBA intends to undertake during the following 10-year period.
2022 Annual Report:
The Annual Report details the AWBA's activities for the previous calendar year, including credit development and the progress made on satisfying the state's firming obligations.
The AWBA had no excess CAP water supplies available for storage in 2022. As a result, the AWBA continued to make progress on its firming goals and obligations through the purchase of 1) LTSCs and 2) Intentionally Created Surplus (ICS) firming credits. In 2022, the AWBA purchased 13,273 acre-feet of LTSCs: 10,358 acre-feet in the Phoenix Active Management Area (AMA) and 2,915 acre-feet in the Tucson AMA. Cumulatively, the AWBA has accrued or acquired 4.37 million acre-feet (MAF) of LTSCs. Of this amount, 3.76 MAF are for Arizona uses and 0.61 MAF are interstate credits stored on behalf of the State of Nevada. Additionally, in 2022 the AWBA purchased 2,822 acre-feet of ICS firming credits pursuant to its 2019 agreement with the Gila River Indian Community (Community). Cumulatively, the AWBA has purchased 26,320 acre-feet of ICS firming credits.