Mississippi Administrative Code › Title 33 - Public Health - Local Governments And Rural Water Systems Improvements Board › Part 4 - Drinking Water Systems Improvements Revolving Loan Fund Program Regulations › Appendices › Appendix 33-4-A Part 1A - FFY-2015 Anticipated Available Funds for the Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2014

Current through June 25, 2024
FFY-2015 National Title I DWSRF
						  Appropriation (Estimate) (Using FFY-2014 Amount)
$906,896,000
* Mississippi's Allotment [section 1452(m)]
(Estimate) (Using FFY-2014 Amount)
$9,159,000
FFY-2015 State Match Required (20% of Mississippi's
						  Allotment)
(Estimated) (Using FFY-2014
						  Amount)
+
$1,831,800
Total FFY-2015 Federal Allotment and Required
						  State Match
(Estimate)
:
$10,990,800
FFY-2015 Actual Funding (Federal and
				  State)
**2014 Legislated State Match (Direct Appropriation from
						  Legislature)
+
$1,000,000
**2014 Legislated State Match (Legislature authorized
						  use of $2M in existing MSDH Fund 02MS)
+
$2,000,000
**2014 Emergency Fund transfer (Remaining amount needed
						  as State Match for remainder of the FFY-2013 Cap Grant & all of the
						  FFY-2014 Cap Grant funds)
+
$180,000
Remaining Portion of FFY-2013 Cap Grant Balance Captured
						  by 2014 Legislation (State Match $1,345,491) (FFY-2013 Cap Grant Completely
						  Matched)
+
$6,727,455
FFY-2014 Cap Grant Funds (State Match = $1,831,800)
						  (FFY-2014 Cap Grant completely matched by the 2014 Legislation & Emergency
						  Fund Transfer) ($2,709 will remain from the Emergency Fund to be used for
						  future matches)
+
$9,159,000
Total Federal and State Funds to be Available in
						  FFY-2015:
$19,066,455
FFY-2014 Cap Grant Set-Asides
DWSRF Administrative Expenses [section 1452(g)(2) - 4%]
						  (Used reserved amount from 2004)
+
$332,124
Small Systems Technical Assistance [section 1452(g)(2) -
						  2%]
+
$183,180
Local Assistance and Other State Program [section
						  1452(g)(2) - 15%] (taking ~5.2%)
+
$500,000
State Program Management [section 1452(g)(2) -10%]
+
$915,900
Total FFY-2013 Cap Grant Set-Asides:
$1,931,204
Note: No FFY-2015 Cap Grant Funds or Set-asides are
				  shown in this report in order to make this projection more realistic. State
				  Match funds for Cap Grant funds normally will not be available until QTR1 of
				  FFY-2016; therefore, the first portion of the FFY-2015 Cap Grant funds will not
				  usually be received until QTR1 of FFY-2016.
Total Federal and State Funds available in
						  FFY-2015
$19,066,455
Less FFY-2014 Set-asides
-
($1,931,204)
Total Federal & State Funds available for Loan
						  Obligation in FFY-2015
$17,135,251
FFY-2015 DWSRF Funds Projections
Total Federal & State Funds available
						  for Loan Obligation in FFY-2015
+
$17,135,251
Unobligated Funds Carried Over from FFY-2014
+
$9,574,696
Anticipated Loan Repayments To Be Deposited
10/1/14 - 9/30/15
+
$11,246,675
Anticipated Interest on Fund To Be Deposited
10/1/14 - 9/30/15
+
$406,307
Anticipated FFY-2015 Loan Decreases
10/1/14 - 9/30/15
+
$0
Anticipated FFY-2015 Loan Increases
10/1/14 - 9/30/15
-
($0)
FFY-2015 Loan Increase Reserve ($1.0m)
-
($1,000,000)
Total Funds Available for Loan Awards in
						  FFY-2015 (Anticipated)
$37,363,325
Funds needed for Projects on the FFY-2015
						  Priority List & FFY-2016 After Planning List
($80,628,711)
Additional Funds needed to fund all
						  Anticipated Projects in FFY-2015
$43,265,386
* Mississippi will apply for the entire FFY-2015 Cap Grant if
				  State match funds are provided by the Legislature.
Cap Grant funds must
				  be matched within 24 months of award.
** The 2012 Regular Legislative Session did not provide any
				  matching funds for the FFY-2012 Cap Grant ($9,341,000).
During the 2013 Regular Legislative Session, the Legislature
				  authorized $1,000,000 in general obligation bonds. Bonds were sold and the
				  proceeds were deposited into the DWSRF Fund during the 1st Quarter of FFY-2014
				  (December 2013). No discount & issuance costs were charged against the bond
				  amount.
* $380,448 was used to match the Set-asides ($1,902,240) of
				  the FFY-2013 Cap Grant ($8,764,000).
* $619,552 (the remainder of the $1M bond) was used to match
				  $3,097,760 of the FFY-2012 Cap Grant, leaving a balance of $2,965,695 of the
				  FFY-2012 Cap Grant to be matched.
In FY-2013, approval was received to use $620,000 from the
				  Drinking Water Emergency Loan fund; the proceeds above the initial $5 M
				  deposited by the State into the fund may be used for similar purposes.
* $593,139 was used to match the remainder ($2,965,695) of
				  the FFY-2012 Cap Grant.
* $26,861 was used to matched $134,305 of the remaining
				  FFY-2013 Cap Grant; leaving a balance of $6,727,455 to be matched.
During the 2014 Regular Legislative Session, the Legislature
				  authorized $1,000,000 in direct funding and the use of $2,000,000 in an
				  existing MSDH account (02MS) for the DWSRF program. Additionally, $180,000 will
				  be used from the Emergency Fund. These funds matched all outstanding grant
				  funds; the FFY-2014 Cap Grant ($9,159,000) and the remainder of the FFY-2013
				  Cap Grant ($6,727,455). The $3,180,000 will be used as follows:
* $1,345,491 will match the remainder ($6,727,455) of the
				  FFY-2013 Cap Grant.
* $1,831,800 will match the FFY-2014 Cap Grant
				  ($9,159,000),
* $2,709 will remain to be use for future
				  matches.