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<br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report <br />Loan Financial Activity Report <br />January 2005 <br /> <br />. <br /> <br />Loan Repayment Delinquency <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed for the <br />period covering July 2004 through December 2004. The effective due date of the payment is inclusive of the <br />Board's current 30 day late policy. Hence, the date the payment was received was compared to the last day <br />allowable prior to the payment being considered late. <br /> <br />Repayments due for the first six months of Fiscal Year 2005 totaled 123. There were five payments not received on <br />time during this period. A partial payment was received from Lone Cabin Ditch and Reservoir Company less than <br />30 days late. The loan payments for the Handy Ditch Company, the Town of Walden and Rodney Preisser were <br />received between 30 and 60 days late. The loan payment for Shultz Farm, Inc. has not been received to date. The <br />loan payment (due in June) for Coon Creek Reservoir & Ditch Company was received in November 2004. Thus, <br />the on-time performance for the total repayments due was 96% in compliance or 4% not in compliance. <br /> <br />Loan Financial Activity <br /> <br />Loan Financial Activity relative to the Water Project Construction Loan Program for Fiscal Year 2005 is detailed <br />on the following attachment. Funds received relative to loans in repayment totaled $6.6 M for this period. Funds <br />disbursed relative to new project loans totaled $18.5 M for this period. Net activity resulted in $11.9 M disbursed <br />from the CWCB Construction Fund and the Sevcrance Tax Trust Fund Perpetual Base Account (STIFPBA) over <br />the total received. <br /> <br />. <br /> <br />Further breakdown is summarized as follows: The Construction Fund portion consists of$5.7 M in receivables and <br />$18.0 M in disbursements for a total net activity of$12.3 M disbursed over received. The STIFPBA consists of <br />$0.9 M in receivables and $0.5 M in disbursements for a total net activity of $0.4 M received over disbursed. <br /> <br />. <br />