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Show Page 4 The Gunnison Valley Gazette The Outdoor Report Colorado River cutthroat trout stage a comeback In June, Division of Wildlife Resources biologists collected about 64,000 eggs from female Colorado River cutthroat trout in Duck Fork Reservoir. Then they used milt from male cutthroats to fertilize the eggs on site before taking the eggs to the Fountain Green State Fish Hatchery. Hatchery workers used the fertilized eggs to raise about 30,000 three-inch-sized fish. This October, hatchery workers put 10,000 of those finger-sized cutthroats back into Duck Fork Reservoir. Another 10,000 were placed in the White River. (The White River is where the cutthroats that started this whole process came from.) The remaining fish will be stocked into Millsite Reservoir above the town of Ferron. Biologists expect native cutthroat trout to thrive in Duck Fork Reservoir for years to come. These trout will provide biologists with hundreds of thousands of eggs they can use to expand the range of Colorado River cutthroat trout throughout southeastern Utah. The restoration is providing anglers with some unique and exciting fishing. It’s also safeguarding the species. Colorado River cutthroat trout are the only trout species that are native to the Colorado River Basin. DWR biologists have been working for years to preserve this native species and prevent its potential listing as threatened or endangered. In 2000, DNA testing veri- Thursday, November 5, 2009 Into all the World fied that the White River near Soldier Summit contained a population of pure-strain Colorado River cutthroat trout. DWR biologists were excited about the find. After confirming the fish were pure-strain Colorado River cutthroats, the next step was to find a lake where they could spawn without interference from other trout. The biologists selected Duck Fork Reservoir above the town of Ferron as the best lake for the cutthroats. The next step was to remove all of the trout species in the reservoir. Then, in 2003, biologists transplanted 850 purestrain Colorado River cutthroats from the White River into the reservoir. A second transplant followed in 2004. Elder Mitch Henline is currently serving as zone leader on the Island of Tortola in the British Virgin Islands. He is loving his mission and the people of the Caribbean. Mitch is the son of Mark and Jodi Henline of Gunnison. 528-5001 The Outdoor Report is Sponsored by: Hwy 89 Northeast of Gunnison Open Monday - Saturday The all Scouting Newsis is Sponsored Into the World sponsored by by ACE Paints Sporting Goods Whirpool Appliances The First Word and Last Name in Log Homes! Think Satterwhite for Log Homes, Rough Lumber, Timbers, Animal Bedding and Firewood 528-7513 Remember When... 435 South Main • Gunnison Homespun Philosophy by Gene & Donna Peterson As we move to our productive life, Service we do for our fellow men, Will give us much joy and happiness, Via memories once again. GVHS Seniors on the Honor Roll • 1968 Janet Jensen, Jackie Peterson, Clayton Bartholomew, Clark Despain, Kathy Sorenson, Barbara Draper, Jed Christenson, Marnie Sorenson, Vicky Rees and Kelly Smith Sponsored by HERMANSEN’S MILL 204 South 1st East • Gunnison 528-3136 Feeds • Grain Storage • Fertilizer Seeds • Farm Supplies • Chemicals Should you add “munis” to your portfolio? Submitted by DARIN FRANDSEN It’s election season. Although you won’t be selecting either a new president or a new Congress, you may well have the opportunity to vote on something that can affect your city or state: municipal bonds. However, just because you vote to give your state or local government permission to issue municipal bonds doesn’t mean you have to invest in them. But should you? Before you can answer that question, you need to know what municipal bonds are and how they work. General obligation bonds are backed by property taxes and finance projects from cities, counties, school districts and states. Revenue bonds are backed by a specific revenue source and finance hospitals, utilities, airports, affordable housing and other public works. So when you invest in a revenue bond, you are being somewhat civicminded, although you aren’t confined to bonds issued by your city or state. You can get other tangible benefits from investing in municipal bonds, or “munis.” First, you’ll receive regular interest payments. Just as importantly, these payments typically are exempt from federal income taxes — and possibly state and local income taxes as well. Keep in mind, however, that they may be subject to the alternative minimum tax. Consequently, if you’re in an upper tax bracket, you may be especially interested in munis. Still, before investing in a muni, you’ll want to determine its yield. Basically, a bond’s yield is the rate of return it promises at any given price; when a bond’s price rises, its yield usually falls, and vice versa. The longer the time to a bond’s maturity, the greater its interest rate risk. To compare the yield of a tax-free muni to that of a taxable bond, you must calculate its tax-equivalent yield, which is based on the muni’s interest rate and your individual tax bracket. For example, let’s say you are considering a tax-free muni that pays 4% interest, and you’re in the 28% tax bracket. To determine the bond’s tax-equivalent yield, subtract your tax rate (.28) from 1, giving you .72. Then divide the bond’s rate, or .4, by .72, giving you 5.5%. This means you would need to find a taxable bond that pays at least 5.5% to equal the yield of a tax-free muni paying 4%. Even if you’ve determined that a tax-free muni’s yield compares favorably to that of a taxable bond, you need to assess some of the potential risks of owning munis. For one thing, municipalities are clearly not exempt from the effects of the long and harsh recession we’ve experienced. Consequently, some projects funded by munis may have trouble generating the revenue needed to repay the bonds’ investors. Another potential issue to consider with munis is their liquidity. Some states, such as New York and California, issue a great many bonds, which are traded regularly. But some municipalities operate in more illiquid markets, so if you buy a muni from one of these issuers, you may need to hold it until it matures. Also, munis are traded “over the counter” rather than on an exchange, so it can sometimes be difficult to get a price quote for your bond, not to mention a buyer. These liquidity issues may not matter to you, however, if you intend to hold your bond until maturity, collecting regular interest payments along the way and eventually receiving your principal back. There is also credit risk when investing in bonds, where if the issuer defaults you could potentially lose all of your principal. In any case, as long as you’ve done your research and gotten help from a qualified financial professional, you may find that municipal bonds can benefit you — so give them some thought. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. STOCKS • BONDS • CDs IRAs • MUTUAL FUNDS Darin K Frandsen Financial Advisor . 446 South Mall Drive B-7 St George, UT 84790 435-627-2159 www.edwardjones.com MemberCIPF SIPC Member 2007 Hyundai nly Sonata o $11,400 2004 Dodge yStratus onl $6,999 2008 Chevy Impala y Flex Fuel onl $11,900 2007 nlyMazda 6 o $12,900 51 W 200 N Gunnison 528-7271 |
