Mississippi Administrative Code › Title 33 - Public Health - Local Governments And Rural Water Systems Improvements Board › Part 3 - Drinking Water Systems Improvements Revolving Loan Fund Program Regulations › Appendices › Appendix 33-3-A - Part 2A FFY-2013 End-of Year Funds Report Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2013

Current through June 25, 2024
The following breakdown of funds is based on an estimated
				  appropriation of $825,731,280 and applying 2.13% set-asides and a State
				  Allotment formula of 1.04%.
FFY-2013 National Title
							 I DWSRF Appropriation
$861,326,000
* Mississippi Regular Allotment [section
							 1452(m)]
$8,764,000
FFY-2013 State Match Required (20% of
							 Mississippi Allotment) 1
$1,752,800
Total FFY-2013 Federal Allotment
							 with required State Match
$10,516,800
FFY-2013 Actual and
							 Anticipated Funding (Federal and State)
Previous Bond Issuance Balance Available
							 to Match a Portion of the FFY-2012 Cap Grant
$643,863
FFY-2012 Cap Grant Funds Matched by
							 Previous Bond Balance (FFY-2012 Cap Grant Balance $6,030,830 to be
							 Matched)
$3,219,315
Total FFY-2013 Federal and State
							 Funds Available for Loan Obligation
$3,863,178
FFY-2013
							 Set-Asides
The Anticipated FFY-2013 Cap Grant
							 Agreement was not received during FFY-2013, therefore, no set-asides were
							 available
$0
Total Regular FFY-2013 Set-Asides
$0
Total FFY-2013 Federal and State
							 Funds Available for Loan Obligation
$3,863,178
Less Anticipated FFY-2013 Set-asides
$(0)
Total FFY-2013 Federal and State
							 Funds to be Available for Loan Obligation
$3,863,178
FFY-2013 DWSRF Funds
							 Projections
Total FFY-2013 Federal and State
							 Funds Anticipated to be Available for Loan Obligation
$3,863,178
Unobligated Funds Carried Over from
							 FFY-2012 (+)
$785,968
***Loan Repayments Deposited (+)
10/01/12 -
							 9/30/13
20,871,865
Interest Deposited to Funds (+)
10/01/12 -
							 9/30/13
$559,607
FFY-2013 Loan Decreases (actual)(+)
10/01/12
							 - 9/30/13
$829,876
FFY-2013 Loan Increases (actual)(-)
10/01/12
							 - 9/30/13
$(695,782)
FFY-2013 Loan Increase Reserve ($1.0m)
							 (-)
$(1,000,000)
Total FFY-2013 Funds Available for
							 Loan Awards
$25,214,712
Total Awards made During
							 FFY-2013
(15,684,114)
FFY-2013 Funds Remaining
$9,530,568
Funds Needed for Remaining FFY-2013
							 Priority List Projects (Original List Total =
							 $61,136,369)
(45,452,252)
Excess Funds Available for New
							 Projects in FFY-2013
$(35,921,684)
* Mississippi will apply for the entire Cap Grant.
Cap
				  Grant Funds must be matched within 24 months of award
** Match Bond Legislation was passed by the Legislature in
				  Spring 2011. Bond sale / deposit was made Fall 2011. Total amount approved by
				  the FY-2011 Legislature was $2,700,000. Total less issuance / discount costs
				  matched remainder of FY-2010 Grant, all of FY-2011 Grant and the $9,166 ERG
				  Grant funds transferred to DWSRF. Remaining balance of approximately $655,509
				  was used to match a portion of FFY-2012 Cap Grant ($3,277,545). Match
				  Legislation ($1,000,000) was passed by the Legislature in Spring, 2013. Bonds
				  are to be sold in Oct or Nov, 2013.
*** Repayment deposits for October and November, 2012,
				  exceeded anticipated monthly figures due to 3 loan recipients repaying the
				  remaining balances on their loans. They include the City of Starkville's loans
				  1 - 3 ($2,569,256.54), the City of Hernando's loans 1 - 3 ($982,373), and the
				  City of Pascagoula's loans 1-6 ($4,276,559). In addition, in May, 2013, the
				  City of Olive Branch paid off 3 loans totaling $2,003,387 and E. Lowndes W/A
				  paid off their loan totaling $334,864.