Mississippi Administrative Code › Title 33 - Public Health - Local Governments And Rural Water Systems Improvements Board › Part 5 - Drinking Water Systems Improvements Revolving Loan Fund Program Regulations › Appendices › Appendix 33-5-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 IDWSRF 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 Mssissippi'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.
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 State
				  Legislature
(House Bill No. 1495)
authorized
				  $1,000,000 in direct funding for the DWSRF program and the use of $2,000,000 in
				  an existing MSDH account for the DWSRF program. Additionally, $180,000 was used
				  from the Drinking Water Systems Emergency Loan Fund (DWSELF). The total of all
				  the state match funds matched all outstanding EPA Grant funds; the remaining
				  portion of the FFY-2013 Cap Grant ($6,727,455) and the total FFY-2014 Cap Grant
				  ($9,159,000). The $3,180,000 of state funds was used as follows.
* $1,345,491 matched the remainder of the FFY-2013 Cap Grant
				  amount ($6,727,455).
* $1,831,800 matched the FFY-2014 Capitalization Grant
				  ($9,159,000).
* $2,709 from the Drinking Water Systems Emergency Loan Fund
				  (DWSELF) will remain to be used as match for future Capitalization Grants.
During the 2015 Regular Legislative Session, the State
				  Legislature (House Bill No. 1555) authorized $1,200,000 in direct funding for
				  the DWSRF program; however, due to a shortfall in state funds the authorized
				  $1,200,000 was reduced to $1,100,479.80. Using the revised legislated fund
				  amount, the remainder ($2,709) of state match funds from FFY-2014 and
				  $728,611.20 from the Drinking Water Systems Emergency Loan Fund (DWSELF), the
				  entire required amount ($1,831,800) for the state match will be provided for
				  the EPA FFY-2015 Cap Grant ($9,159,000). The $1,183,800 in state match funds
				  will be used as follows.
* $1,831,800 will match the complete FFY-2015 Capitalization
				  Grant ($9,159,000).