Nevada receives an allocation of water each year from Lake Mead, with credits for water it returns to the lake. The allocations were made with the Colorado River Compact when Nevada had a much smaller population and very little agriculture. The allocations were also made during a wet string of years, which overstated the available water in the entire watershed. As a result, precipitation that is below normal for a few years can significantly affect the Colorado River reservoirs. The Las Vegas area uses most of this allocation with Laughlin, Nevada using most of the remaining allocation. In June 2007, the price of a cubic meter was 57 cents in Las Vegas. Las Vegas gets around 90 percent of its water from Lake Mead.