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, include any changes resulting from credit purchases and from conversion from ~ uncertified to certified credit status. Based on a hypothetical situation, the following table indicates how the accounting system will operate during the 6-yeaz cycle of the uncertified credit program: (1) (2) (3) (4) (5) (6) (7) (8) Period of Capita Maximum Maximum Balance of Total Numbs of Number of Balance of Improvement Plan Number of Number o[ Unoatifed Uncertified Uncertified Remaining Potential Poleatial (}edits from Credib t'}edits Sold Uncertified Uncertified • (}edits from Uncertified Prior Year Available for Credits Credits • CIP C7editc Sale Certified (3074 of Cn') ' 1.Years 1, 2, 3 20 6 0 6 2 0 4 2.Years 2, 3, 4 13• 39 4 79 3.10 2 2.8 3.Ycars 3, 4, S 25• 73 2.8 103 33 2 4.8 4. Years 4, S, 6 8• 2.4 4.8 7.2 3.0 0 42 ~ - S. Years S, 6, 12• 3.6 42 7.8 0 0 7.8 6. Years 6 6.4• 13 7.8 9.7 3.18. 0 6.52 • - • r year an or etetmtnmg maxuntun poten once to c tts co umn o is app t on y to e potential credits that.can be r>alized from the "additional" year. For example, in the second year, the C1P cti~ers years 2, 3, and 4. 30% is applied only to the credits that can be realized from year 4 (7.5 credits). Within the annual report, the following information will be provided: • (a) Maximum number of total potential credits based oi~ approved CIP; (b) Maximum number of uncertified credits based on 30% of approved CIP; ' (c) Number of potential credits resulting from approved Mitigation Improvement Plans; . " (d) Number of uncertified credits authorized and available for sale; (e) Number of uncertified credits purchased (debits); (f) Number of uncertified credits certified; . (e) Number of uncertified credits unsold at end of year. ANNUAL REPORT The Program shall report to fhe MBRT, not Less than annually, on the performance of the individual mitigation sites and the status of the Program's mitigation credit ledger. Not .later than September of each yeaz, the Program shall prepare and forward to the- MBRT a • report on the Program's activifies for the preceding 12 month period, and a projection of the Program's activities ~ for the next" .12 month period. The Annual Report shall include:. (1) An accounting of all mitigation credits created and sold during the preceding 12 . month period. The bank credit. ledger review shall include: the number of credits certified during the year; mitigation costs (land, planning and engineering design, construction, maintenance, remedial activities); the number of credits (certified and uncertified) purchased (i.e., debits); the revenues generated from sale of credits; the remedial actions, if any, and associated costs; and recommended corrective actions, if any, to policy and procedure actions. (2) A description of the work to be performed during the next 12 month period at . individual mitigation bank sites, including work previously approved by the Corps and ' DSL which will create mitigation credits, as well as work to monitor and remediate Page 12 - MOA For West Eugene Wetlands Mitigation Banking Program