Thompson: Coming up Down Under Growth Fund: Main Focus At
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SU Museum Youth get Ignacio, CO 81137 AUGUST 5, 2016 prepares hands on with Bulk Permit No. 1 Vol. XLVIII, No. 16 exhibits environment Official newspaper of the Southern Ute Indian Tribe For subscription or advertising information, call 970-563-0118 PAGE 3 PAGE 6 FREE $29 one year • $49 two year INSIDE THIS ISSUE Culture 3 The Health 4 Education 5 Sports 8 Voices 9 Southern Ute Drum Classifieds 11 IHS VOLLEYBALL GENERAL MEETING Thompson: Coming up Growth Fund: Main focus Down Under at financial meeting Volleyball regular earns international MVP By Sacha Smith AKA looks challenging due to By Joel Priest THE SOUTHERN UTE DRUM low commodity prices, SPECIAL TO THE DRUM Aka is highly exposed but Aka plans to contin- As fiscal year 2016 to commodity pricing ue to reduce costs and Daughter of a five-time draws to a close, the and has been impacted by increase revenues. Drill- Idaho High School Ac- Southern Ute Indian Tribe lower oil and gas prices. ing activity is expected tivities Association State hosted a tribal member- The majority of profits to grow with the com- Champion head coach, and ship general meeting are earned upon volume modity price recovery herself later one of her play- Thursday, July 28 to ad- of natural gas that Aka and, from 2020 onward, ers at Gooding High, Brit- dress the financial sta- processes, contractual the Growth Fund projects tanie Toone grew up quite tus of the Growth Fund, commercial terms on that EBITDA will return to familiar with the name Permanent Fund and volume, and commodity more historical averages. ‘Shoshone.’ Sky Ute Casino Resort. prices. Particularly when she The meeting was Tribal members voiced RED WILLOW saw it emblazoned on uni- planned to cover all concerns about Aka, ask- forms across the volleyball three entities, but the ing Tribal Council why Red Willow Produc- net, and maybe no more daylong meeting only the Tribe keeps the strug- tion Company is another so than during her junior managed to address the gling company. Growth Fund company and senior seasons – when Growth Fund’s portion “The philosophy of with lower profits be- the Lady Senators came of the meeting. With the Aka is going to change,” cause of lower commod- up short in their hunt to Growth Fund known Alex S. Cloud, Tribal ity prices. A couple of gain skipper Jolene Toone as the revenue genera- Council representative years ago, the Growth a sixth crown, while their tor for the Tribe, tribal on the Growth Fund Fund projected crude oil neighbors in adjacent Lin- members’ main concerns Management Committee selling over $90 a barrel coln County celebrated IH- appeared to be with the said. and natural gas selling SAA Class 1A titles in both Growth Fund. Cloud said Tribal around $4 MMBtu – no- 2004 and ’05. Darrell Owen, Growth Council is aware of chal- where near FY 2016 pric- Life did go on, and Fund Finance Direc- lenges faced by Aka, es around $40 a barrel Toone departed GHS in tor, provided an overall which is why changes and $2.16 MMBtu. Spring 2006 ready for a view of how FY 2016 have been made. Accord- Some of Red Willow’s college-basketball future at Joel Priest/Special to the Drum was shaping up. Owen ing to Cloud, the Growth responses to the low Walla Walla (Wash.) Com- Ignacio High School’s Shoshone Thompson, right, stands reported that oil pric- Fund Management Com- prices include managing munity College – the vol- with her 2016 Down Under Games volleyball coach es have declined since mittee and Tribal Council capital and deferring or leyball head coach there Brittanie Toone, herself a former v-ball standout at Gooding 2014 and that this year will continue to monitor selling down or out of happened to be an unrelat- (ID) High School and later a college basketball player at oil prices fluctuated be- Aka to see if it recovers, prospects. ed Tim Toon – from ’06- Walla Walla (WA) Community College and Montana Tech. tween $26 to $51 a bar- and if not, other options, For the future, Red 08. One of her classmates Thompson, now an IHS junior, was named Most Valuable rel – currently the price like selling the company, Willow plans to keep in- Player though her team placed fifth. there, ironically, was fellow is around $40 a barrel. may be explored. vesting in the Deep Wa- guard Katie Strunk, who’d re-entered Toone’s life. “I wanted to go because Natural gas has also un- “There is a miscon- ter Gulf of Mexico and been part of SHS’ back-to- But not as a potential op- I wanted a new experi- derperformed, with pric- ception that Aka lost only selling down or out back State Championships ponent; Ignacio, Colorado’s ence,” Thompson said via es ranging from $2.92 money,” Brown said. of opportunities as a last as well as a State Basketball Shoshone Thompson would phone, the morning of her MMBtu (one million “[Aka] is making less resort. Championship ending the be more a prized pupil of departure from Australia. British Thermal Units) money than it was [in “We are not losing ’04-05 season. sorts for the math teacher “I wanted to meet new peo- to $1.64 MMBtu. 2008] because pricing is money; we are losing She’d be named Idaho’s presently posted at Good- ple and I thought it would On a more positive much lower than it was, opportunity,” Brown said Player-of-the-Year that win- ing’s 3A-District IV rival be really cool to get to note, the real estate but it hasn’t lost any about selling down or out ter, and earned First Team Buhl, as her on-court exten- play teams that aren’t from market is on the up- money at all.” of prospects. “Even in All-State as a senior when sion at International Sports America. See how their swing and private eq- Brown went on to say the low price scenario, the Lady Indians placed Specialists, Inc.’s 2016 skill level is compared to uity investments are that the Growth Fund Red Willow is in a good third in ’05-06. Toone, Down Under Games. others in America.” performing as expected, based Aka’s EBITDA position to deliver im- meanwhile, would receive “I first met Shosho- “I was relieved that she Owen said. Non-Energy projections on higher proving and substantial two Second Team All-State ne at the airport and she was able to play,” said Growth Fund entities price expectations. The earnings over the next 10 nods before graduating – was wearing a boot. I was Toone. “At first I was wor- are projected to have results discussed at the years.” owning a 3.88 grade-point shocked at first and was ried about … my only setter EBITDA (Earnings Be- meeting reflect the cur- average (Strunk’s was 3.94) thinking the worst, that she because of the foot injury. It fore Interest, Taxes, rent pricing, which vary RED CEDAR – and helped Gooding save wasn’t going to be able to ended up working out great Depreciation and Amor- from the Growth Fund’s fifth (winning the consola- play,” Toone recalled in a and she kept getting better tization) higher or near expectations in October Red Cedar Gathering tion side of the bracket) at detailed e-mail. “After I and better every game.” their budget. of 2014. Company is not as sus- the Class 3A State Tour- talked to her about it, the Playing with teammates “It is really commodity To sustain revenue ceptible to commodity nament ending the ’05-06 boot was more for precau- hailing from Colorado, prices that have an effect during the commodity prices as Aka and Red hoops campaign. tionary reasons and … she Utah, Wyoming and even on us,” Owen said. price decline, Aka cut Willow, Brown said. A little more than ten years was to wear the boot when Albert Brown, Growth costs by decreasing field Red Cedar hopes to later, ‘Shoshone’ suddenly she wasn’t playing.” Thompson page 8 Fund Operating Direc- operating costs and staff optimize profitability in tor-Energy, then dis- reductions. But Brown the current “low price en- cussed energy compa- said that Aka will not vironment,” control cost, nies Aka Energy Group, realize the full financial and maximize tribal em- WILDLIFE LLC., Red Cedar Gath- benefit of staff reductions ployment. ering Company, and Red until the next fiscal year. Hunting permits offered to Willow Production. The five-year plan still Growth Fund page 9 first descendants Damon Toledo Division Head. “This is the well as a $125 permit fee Fiesta of San Ignacio THE SOUTHERN UTE DRUM first time first descendants if certified. These fees only have the certifications to apply to non-tribal mem- First descendants of hunt on the reservation. In bers and first descendants. Southern Ute tribal mem- order to apply for a per- Registered tribal members bers are now eligible to be mit, descendants need to will not have to pay any- certified for hunting per- get in contact with Tribal thing if they sign up. How- mits across the reservation Information Services and ever, at this point, we have a – a new regulation that was provide a birth certificate limited number of permits, recently granted by Tribal along with another form of and we’re not sure how Council. identification. After approv- many first descendants may The decision was ap- al, they can sign up for the apply.” proved after a survey con- official permit at the Wild- When applying for a ducted by the Southern Ute life office.