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~ Water Project Construction Loan Program Loan Repayment Delinquency Report Loan Financial Activity Report January 2004 . Loan Repavrnent Delinquency Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed for the period covering July 2003 throilgh December 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 being considered late. Repayments due for the first six months of Fiscal Year 2004 totaled 113. There were three payments not received on time during this period. The loan payment for Appleton Northwest Lateral (ML369) and Drainage Company was received less than 30 days late. The loan payment for the Town of Walden was received between 30 and 60 days late. The loan payment for Lone Cabin Ditch and Reservoir Company has not been received to date. Thus, the on-time performance for the total repayments due was 97% in compliance or 3% not in compliance. Loan Financial Activitv Loan Financial Activity relative to the Water Project Construction Loan Program for the period from July 2003 through December 2003 is detailed on the following attachment. Funds received relative to loans in repayment totaled $8.1 M for this period of Fiscal Year 2004. Funds disbursed relative to new project loans totaled $16.3 M for this period of Fiscal Year 2004. Net activity resulted in $8.2 M disbursed from the CWCB Construction Fund and the Severance Tax Trust Fund Perpetual Base Account (STI'FPBA) over the total received. Further breakdown is summarized as follows: The Construction Fund portion consists of $5.9 M in receivables and $14.8 M in disbursements for a total net activity of $8.9 M disbursed over received. The STTFPBA consists of $2.2 M in receivables and $1.5 in disbursements for a total net activity of $0.7 M received over disbursed. .