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<br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report <br />Loan Financial Activity Report <br />March 2006 <br /> <br />. <br /> <br />Loan Repayment Delinquency <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed <br />for the period covering July 2005 through February 2006. The effective due date of the payment is <br />inclusive of the Board's current 30 day late policy. Hence, the date the payment was received was <br />compared to the last day allowable prior to the payment being considered late. <br /> <br />Repayments due for the first eight months of Fiscal Year 2006 totaled 156. There were three payments <br />not received on time during this period. The Lone Cabin Ditch and Reservoir Company and the Fruitland <br />Irrigation Company payments were received less than 30 days late. The Kern Reservoir and Ditch <br />Company's payment was received between 30 and 60 days late; however, the loan has been paid in full. <br />The loan payment due June 30 for the Town of Starkville was received within 30 days late but was a <br />partial payment; the remaining amount has not been received to date. Thus, the on-time performance for <br />the total repayments due was 98% in compliance or 2% not in compliance. <br /> <br />Loan Financial Activity <br /> <br />Loan Financial Activity relative to the Water Project Construction Loan Program for Fiscal Year 2006 is . <br />detailed on the following attachment. Funds received relative to loans in repayment totaled $10.3 M for <br />this period. Funds disbursed relative to new project loans totaled $18.3 M for this period. Net activity <br />resulted in $8.0 M disbursed by the CWCB Construction Fund and the Severance Tax Trust Fund <br />Perpetual Base Account (STfFPBA) over the total received. <br /> <br />Further hreakdown is summarized as follows: The Construction Fund portion consists of $7.8 M in <br />receivables and $2.9 M in disbursements for a total net activity of $4.9 M received over disbursed. The <br />SlTFPBA consists of$2.5 M in receivables and $15.4 M in disbursements for a total net activity of$12.9 <br />M disbursed over received. <br /> <br />. <br /> <br />40 <br />