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. e e e Water Project Construction Loan Program Loan Repayment Delinquency Report Loan Financial Activity Report November 2004 Loan Repayment Delinquency Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed for the period covering July 2004 through October 2004. 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 four months of Fiscal Year 2005 totaled 90. There were three payments not received on time during this period. The loan payments for the Handy Ditch Company and the Town of Walden were received between 30 and 60 days late. The loan payment for Rodney Preisser has not been received to date. The loan payment (due in June) for Coon Creek Reservoir & Ditch 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 Activity Loan Financial Activity relative to the Water Project Construction Loan Program for Fiscal Year 2005 is detailed on the following attachment. Funds received relative to loans in repayment totaled $4.1 M for this period. Funds disbursed relative to new project loans totaled $10.3 M for this period. Net activity resulted in $6.2 M disbursed from the CWCB Construction Fund and the Severance Tax Trust Fund Perpetual Base Account (STTFPBA) over the total received. Further breakdown is summarized as follows; The Construction Fund portion consists of $3.3 M in receivables and $10.2 M in disbursements for a total net activity of $6.9 M disbursed over received. The STTFPBA consists of$0.8 M in receivables and $0.1 M in disbursements for a total net activity of $0.7 M received over disbursed.