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<br />. <br /> <br />. <br /> <br />. <br /> <br />Water Project CODstruCtiOD LoaD Program <br />Loan Repayment DellnqueDcy Report <br />Loan Financial Activity Report <br />November 2005 <br /> <br />Loao RepaymeDt DellnqueDcy <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed <br />for the period covering July 2005 through October 2005. 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 four months of Fiscal Year 2006 totaled 94. There was one payment not <br />received on time during this period. The Kern Reservoir and Ditch Company's payment was received <br />over 30 days late; however, the loan has been paid in full. A partial payment was received from Lone <br />Cabin Ditch and Reservoir Company in the prior year; however, the remaining amount has not been <br />received todate,- The loan payment due June 30 for the Town of Starkville was received within 30 days <br />late but was a partial payment. Thus, the on-time performance for the total repayments due was 99"10 in <br />compliance or 1% not in compliance. <br /> <br />Loan Financial Activity <br /> <br />Loan Financial Activity relative to the Water Project Constroction Loan Program for Fiscal Year 2006 is <br />detailed on the following attachment. Funds received relative to loans in repayment totaled $5.6 M for <br />this period. Funds disbursed relative to new project loans totaled $8.4 M for this period. Net activity <br />resulted in $2.8 M disbursed by the CWCB Construction Fund and the Severance Tax Trust Fund <br />Perpetual Base Account (STTFPBA) over the total received. <br /> <br />Further breakdown is summarized as follows: The Construction Fund portion consists of $4.4 M in <br />receivables and $1.1 M in disbursements fora total net activity of$3.3 M received over disbursed. The <br />STTFPBA consists ofS1.2 M in receivables and $7.3 M in disbursements for a total net activity of $6.1 <br />M disbursed over received. <br /> <br />41 <br />