My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
06d
CWCB
>
Chatfield Mitigation
>
Board Meetings
>
DayForward
>
1-1000
>
06d
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/16/2009 2:33:35 PM
Creation date
8/21/2008 8:15:48 AM
Metadata
Fields
Template:
Board Meetings
Board Meeting Date
5/20/2008
Description
CWCB Director's Report
Board Meetings - Doc Type
Memo
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
90
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
WATER PROJECT CONSTRUCTION LOAN PROGRAM <br />LOAN REPAYMENT DELINQUENCY REPORT <br />LOAN FINANCIAL ACTIVITY REPORT <br />MAY 2008 <br />LOAN REPAYMENT DELINQUENCY <br />Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed <br />for the period covering July 2007 through Apri12008. The effective due date of the payment is inclusive <br />of the Board's current 30 day late policy. Hence, the date the payment was received was compared to the <br />last day allowable prior to the payment being considered late. <br />Repayments due for the first ten months of Fiscal Year 2008 totaled 199. There were seven loan <br />payments not received on time during this period. The loan payment from the Town of Palisade was <br />received less than 30 days late. Two loan payments from the Excelsior Irrigating Company and one from <br />the Sheek Ditch Company were received over 30 days late. One payment from the Hawkeye Lateral <br />Ditch Company was received over 60 days late. The payment from Rodney Preisser is over 120 days late <br />and has not been received to date. The payment from the Arkansas Groundwater Users Association is <br />less than 30 days late but has not been received to date. Thus, the on-time performance for the total <br />repayments due was 96% incompliance or 4% not incompliance. <br />For Fiscal Year 2007, the loan payment from the Town of Starkville has not been received to date. In <br />addition, the Town of Starkville has not met its obligations since Fiscal Year 2006. <br />LOAN FINANCIAL ACTIVITY <br />Loan Financial Activity relative to the Water Project Construction Loan Program for Fiscal Year 2008 is <br />detailed on the following attachment. Funds received relative to loans in repayment totaled $12.8 M for <br />this period. Funds disbursed relative to new project loans totaled $15.5 M for this period. Net activity <br />resulted in $2.7 M disbursed from the CWCB Construction Fund and the Severance Tax Trust Fund <br />Perpetual Base Account (STTFPBA) over the total received. <br />Further breakdown is summarized as follows: The Construction Fund portion consists of $7.8 M in <br />receivables and $3.5 M in disbursements for a total net activity of $4.3 M received over disbursed. The <br />STTFPBA consists of $5.0 M in receivables and $12.0 M in disbursements for a total net activity of $7.0 <br />M disbursed over received. <br />
The URL can be used to link to this page
Your browser does not support the video tag.