On August 3, 2023, ECOS submitted a letter to the Regional Water Authority to suggest a meeting to discuss efforts to develop an Accounting System for the Regional Water Bank. Below is an excerpt.
We are interested in learning about how effective the 2012 Accounting Framework was in tracking and accounting for groundwater transactions within the bank, and which aspects of the 2012 Framework may be included in the new Regional Water Bank Accounting Framework currently in development. We are also interested in discussing how the requirements of SGMA will be incorporated in the Framework. Also, we suspect that the expanded monitoring and modeling of both the North and South American subbasins has provided additional sophistication and understanding of how groundwater moves within and between these subbasins. We would like to hear your plans for including this added technical understanding of subbasin operations into the accounting framework. We would also like to learn how you plan to account for any deposited ground water losses, and ideas you are considering regarding the use of portions of deposits to address groundwater dependent ecosystem needs, and, as a set asides to improve basin storage. Finally, the 2012 framework seemed to establish pumping levels for participants tied to water years. Is this approach one you are considering going forward, and would any resulting pumping agreements be included in Individual Purveyor Agreements established as part of the Water Forum 2 process?