Western Watersheds Project concluded a good financial year in 2006 with income and expenses very close to the break-even point as shown in the adjacent income and expense lists and charts.

In addition early in 2007 WWP sold its interest in Valley Sun L.L.C. to a conservation buyer thereby transferring WWP’s ownership in the Greenfire Preserve. Under the contract for sale WWP will remain as the land restoration manager for the new owner, and the management of the property will continue as before, albeit with more capital funds available for maintenance of the structures and restoration of the riparian and upland areas on the property. The Greenfire Preserve will continue to be managed by WWP as a wildlife preserve with an emphasis on winter habitat for elk, deer and bighorn sheep as well as native predators such as wolves, mountain lions and black bears. WWP will also continue to hold board meetings and future Greenfire Revivals at the property as soon as remodeling projects now underway are completed. WWP will also be continuing our efforts to permanently retire the 6 federal grazing allotments associated with the Greenfire Preserve. Those allotments amount to over 55,000 acres of important wildlife habitat that has not been grazed by livestock for the last eight years.

The sale of Valley Sun L.L.C. also ensures that WWP will have a significant capital financial reserve to help fund WWP’s increased presence across the west including the addition of new staff and contract staff in California, Idaho, and we hope in Montana by the end of 2007.

Ordinary Income/Expense