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<br />. <br /> <br />. <br /> <br />. <br /> <br />'. <br /> <br />Discussion <br /> <br />Attached is a financial statement summarizing the FY2000-0 I Construction Fund <br />cash available and projected expenses. Total unreserved cash available for new projects <br />and other expenses is $29,513,000, projected expenses are $19,819,300 leaving a <br />projected balance of $9,693,700. This number includes projects to be presented at the <br />November Board meeting and additional applications and recommendations to be <br />presented at the January Board Meeting, <br /> <br />The revenue projected as income to the Construction Fund in 2001 is $14.6 <br />million, Therefore, the Board may recommend up to $730,000 (5.0%) in loans for <br />floodplain projects next year. <br /> <br />In making recommendations to the General Assembly, the Board should be aware <br />of certain criteria and limitations set by statute which are summarized in an attachment to <br />this memo. <br /> <br />Conclusion <br /> <br />As ofthe date of this memo, it appears sufficient cash will be available to fund the <br />applications shown on the attached list. <br /> <br />Attachments <br /> <br />NovOO itemlZaCFFunds <br /> <br />A vailable.doc <br />