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 2A - FFY-2014 End-of Year Funds Report Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2014

Current through June 25, 2024
FFY-2014 National Title I DWSRF Appropriation
						  (Actual)
$906,896,000
* Mississippi's Allotment [section 1452(m)] (Actual
						  FFY-2014) (Actual)
$9,159,000
FFY-2014 State Match Required (20% of Mississippi's
						  Allotment) (Actual)
+
$1,831,800
Total FFY-2014 Federal Allotment and Required
						  State Match
(Actual):
$10,990,800
FFY-2014 Actual Funding (Federal and
				  State)
**2013 Legislated State Match from Bonds (Received Dec
						  2013)
+
$1,000,000
Portion of FFY-2012 Cap Grant Captured by 2013
						  Legislation (State Match $619,552)
+
$3,097,760
FFY-2013 Cap Grant Set-asides Matched by the 2013 Bond
						  Legislation (Set-aside State Match = $380,448)
+
$1,902,240
2013 Emergency Fund Transfer
+
$620,000
Portion of FFY-2012 Cap Grant Captured by Emergency
						  Funds (Match $593,139) (FFY-2012 Cap Grant completely matched)
+
$2,965,695
FFY-2013 Cap Grant Funds Captured by Balance of
						  Emergency Funds Used as State Match (Match $26,861)
+
$134,305
Total Federal and State Funds available in
						  FFY-2014:
$9,720,000
FFY-2013 Federal Funds remaining to be captured and
				  required State Match
FFY-2013 Cap Grant Balance to be captured by 2014
						  Legislation (Direct Authorization, Existing MSDH Account and Emergency Fund
						  transfer)
$6,727,455
2014 Legislated Match Funds for the Remaining FFY-2013
						  Cap Grant Funds ($6,727,455)
$1,345,491
Total State Match needed for remaining FFY-2013
						  Federal Funds & FFY-2014 Cap Grant:
$3,177,291
FFY-2013 Cap Grant Set-Asides
DWSRF Administrative Expenses [section 1452(g)(2) - 4%]
+
$350,560
Small Systems Technical Assistance [section 1452(g)(2) -
						  2%]
+
$175,280
Local Assistance and Other State Program [section
						  1452(g)(2) - 15%] (taking ~5.2%)
+
$500,000
State Program Management [section 1452(g)(2) -10%]
+
$876,400
Total FFY-2013 Cap Grant Set-Asides:
$1,902,240
Total Federal & State Funds Available in
						  FFY-2014
$9,720,000
Less FFY-2013 Set-asides
-
$1,902,240
Total FFY-2014 Federal and State Funds to be
						  Available for Loan Obligation
$7,817,760
FFY-2014 DWSRF Funds & Repayments
Unobligated Funds Carried Over from FFY-2013
+
$9,530,568
Federal & State Funds available in
						  FFY-2014
+
$7,817,760
Loan Repayments Deposited to the Fund (Actual)
10/1/13 - 9//30/14
+
$12,269,097
Interest Deposited to the Fund (Actual)
10/1/13 - 9/30/14
+
$443,681
FFY-2014 Loan Decreases (Actual)
10/1/13 - 9/30/14
+
$1,711,306
FFY-2014 Loan Increases (Actual)
10/1/13 - 8/30/14
-
($60,802)
FFY-2014 Loan Increase Reserve ($1.0m)
-
($1,000,000)
2014 Projects Available for Loan Awards
$30,711,610
Loan Awards made during FFY-2014 (16 Initial
						  Loans for $21,136,914)
($21,136,914)
FFY-2014 Carryover Funds to
						  FFY-2015
$9,574,696
* Mississippi applied for the entire FFY-2014 Cap Grant (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 for the DWSRF program. Additionally, $180,000 will be
				  used from the Emergency Fund. These funds will match 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.