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<br />")1 <br /> <br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report <br />Loan Financial Activity Report <br />September 2005 <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 June 2006. The effective due date of the payment is inclusive <br />of the Board's current 30 day late policy. Hence, the date the payment was received was compared to the <br />last day allowable prior to the payment being considered late. <br /> <br />Repayments due for the first two months of Fiscal Year 2006 totaled 49. There was one payment not <br />received on time during this period. The Kern Reservoir and Ditch Company's payment has not been <br />received to date. A partial payment was received from Lone Cabin Ditch and Reservoir Company in the <br />prior year; however, the remaining amount has not been received to date. The loan payment due June 30 <br />for Coon Creek Reservoir & Ditch Company was received over 30 days late but included an additional <br />amount. The loan payment due June 30 for the Town of Starkville was received within 30 days late but <br />was a partial payment. Thus, the on-time performance for the total repayments due was 98% in <br />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 $3.8 M for . <br />this period. Funds disbursed relative to new project loans totaled $3.6 M for this period. Net activity <br />resulted in $0.2 M received by the CWCB Construction Fund and the Severance Tax Trust Fund <br />Perpetual Base Account (STTFPBA) over the total disbursed. <br /> <br />Further breakdown is summarized as follows: The Construction Fund portion consists of $2.9 M in <br />receivables and $0.4 M in disbursements for a total net activity of $2.5 M received over disbursed. The <br />STTFPBA consists of $0.9 M in receivables and $3.2 M in disbursements for a total net activity of $2.3 <br />M disbursed over received. <br /> <br />. <br /> <br />36 <br />