Long Term Water Assets (Tables)

12 Months Ended

Dec. 31, 2014

Water assets consist of the following:



(in acre feet, unaudited)	December 31, 2014	December 31, 2013
Banked water and water for future delivery
AVEK water bank	13,033	12,280
Company water bank	8,700	8,818
AVEK water for future delivery	2,362	2,362
Total Company and AVEK banked water	24,095	23,460
Transferable water *	15,229	14,786
Water Contracts	10,137	10,137
Total purchased water - third parties	49,461	48,383
WRMWSD - Contracts with Company	15,547	15,547
TCWD - Contracts with Company	5,749	5,479
TCWD - Banked water contracted to Company	38,401	42,685
Total purchased and contracted water sources in acre feet	109,158	112,094

*14,786 acre-feet of 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 feet.



($ in thousands)	December 31, 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 $4,188 and $2,837 at December 31, 2014 and December 2013, respectively)	32,612			33,804
Total long-term assets	46,700			47,571
less: Current portion	(1,351		)	(817		)
	$	45,349		$	46,754