This report consists of management’s representations concerning the finances of Coconino County. Consequently, management assumes full responsibility for the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, management of the County has established a comprehensive internal control framework that is designed both to protect the government’s assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the County’s financial statements in conformity with generally accepted accounting principles.

The Augusta Resources Corporation proposes to construct the Rosemont Mine project in the northern Santa Rita Mountains. This report is a reconnaissance analysis of the conceptual flow and water balance in the area. The conceptual flow model for the area is based on topography, geology and precipitation and identifies the likely flow paths in the watershed and aquifer system. The water balance includes estimates of recharge to and groundwater flow from the area; there is no evapotranspiration discharge from the regional groundwater.

During the planning process for the SDCP, concerns were raised regarding loss of property tax revenue as well as adverse tax base impacts of Pima County purchasing parcels for open space. This report assesses impacts in two ways. First, the net assessed values of the open space parcels before purchase are compared to the sum of the net assessed values of all parcels in Pima County and in each applicable school district. Second, the property taxes assessed by Pima County and applicable school districts on each open space parcel before purchase is compared to the sum of the property taxes assessed on all parcels within Pima County and applicable school districts.