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<br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report <br />Loan Financial Activity Report <br />July 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 June 2004. The effective due date of the payment <br />is 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 Fiscal Year 2004 totaled 209. There were five payments not received on time <br />during this period. The loan payment for Appleton Northwest Lateral (ML369) and Drainage Company <br />was received less than 30 days late. The loan payments for the Town of Walden and the Lone Cabin <br />Ditch and Reservoir Company were received between 30 and 60 days late. The loan payments (due in <br />June) for Coon Creek Reservoir & Ditch Company and the Town of Starkville have not been received <br />to date. Thus, the on-time performance for the total repayments due was 98% in compliance or 2% not <br />in compliance. <br /> <br />Loan Financial Activity <br /> <br />Loan Financial Activity relative to the Water Project Construction Loan Program for Fiscal Year 2004 <br />is detailed on the following attachment. Funds received relative to loans in repayment totaled $14.61v1 <br />for this period. Funds disbursed relative to new project loans totaled $25.5 M for this period. Net <br />activity resulted in $10.9 M disbursed from the CWCB Construction Fund and the Severance Tax <br />Trust Fund Petpetual Base Account (STIFPBA) over the total received. <br /> <br />Further breakdown is summarized as follows: The Construction Fund portion consists of $12.3 M in <br />receivables and $20.9 M in disbursements for a total net activity of $8.6 M disbursed over received. <br />The STTFPBA consists of $2.3 M in receivables and $4.6 M in disbursements for a total net activity of <br />$2.31 M disbursed over received. <br />