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<br />- <br /> <br />. <br /> <br />. <br /> <br /> <br />. <br /> <br /> <br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report <br />Loan Financial Activity Report <br />March 2004 <br /> <br />Loan Repayment Delinquency <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been <br />reviewed for the period covering July 2003 through February 2004, The effective due date ofthe <br />payment is inclusive of the Board's current 30 day late policy, Hence, the date the payment was <br />received was 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 2004 totaled 136, There were three <br />payments not received on time during this period. The loan payment for Appleton Northwest <br />Lateral (ML369) and Drainage Company was received less than 30 days late, The loan <br />payments for the Town of Walden and the Lone Cabin Ditch and Reservoir Company were <br />received between 30 and 60 days late, Thus, the on-time performance for the total repayments <br />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 the period <br />from July 2003 through February 2004 is detailed on the following attachment. Funds received <br />relative to loans in repayment totaled $8.71 M for this period of Fiscal Year 2004, Funds <br />disbursed relative to new project loans totaled $20.37 M for this period of Fiscal Year 2004, Net <br />activity resulted in $11,66 M disbursed from the CWCB Construction Fund and the Severance <br />Tax Trust Fund Perpetual Base Account (STTFPBA) over the total received. <br /> <br />Further breakdown is summarized as follows: The Construction Fund portion consists of $6.43 <br />M in receivables and $18,10 M in disbursements for a total net activity of $11,67 M disbursed <br />over received, The STTFPBA consists of$2,28 M in receivables and $2,27 M in disbursements <br />for a total net activity of $0,0 I M received over disbursed, <br /> <br />- <br />