BOARD00220

• Board Meeting Date: 9/22/2003
• Description: CWCB Director's Report
• Board Meetings - Doc Type: Memo

Water Project Construction Loan Program
Loan Repayment Delinquency Report
Loan Financial Activi,ty Report
September 2003

Loan Repayment Delinquency

Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed
for the period covering July 2003 through August 2003. The effective due date of the payment is
inclusive of the Board's current 30 day late policy. Hence, the date the payment was received was
compared to the last day allowable prior to the payment beipg considered late.

Repayments due for the first two months of Fiscal Y ear ~004 totaled 42. There was one payment not
received on time during this period. The loan payment forithe Town of Walden has not been received to
date. Thus, the on-time performance for the total repayments due was 98% in compliance or 2% not in
compliance.

Loan Financial Activity

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Loan Financial Activity relative to the Water Project Cons1!ruction Loan Program for the period from July
2003 through August 2003 is detailed on the following attachment. Funds received relative to loans in
repayment totaled $2.6 M for this period of Fiscal Year 2004. Funds disbursed relative to new project
loans totaled $0.5 M for this period of Fiscal Year 2004. Net activity resulted in $2.1 M received to the
CWCB Construction Fund and the Severance Tax Trust Fund Perpetual Base Account (STTFPBA) over .
the total disbursed.

Further breakdown is sunnnarized as follows: The Construction Fund portion consists of $2.4 M in
receivables and $0.5 M in disbursements for a total net activity of $1.9 M received over disbursed. The
STTFPBA consists of $0.2 M in receivables and $0 in di~bursements for a total net activity of $0.2 M
received over disbursed. .

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