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<br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report <br />Loan Financial Activity Report <br />May 2006 <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 April 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 ten months of Fiscal Year 2006 totaled 187. There were four payments not <br />received on time during this period. The payments from the Lone Cabin Ditch and Reservoir Company, <br />the Fruitland Irrigation Company, and the Town of Monument were received less than 30 days late. The <br />Kern Reservoir and Ditch Company's payment was received between 30 and 60 days late; however, the <br />loan has been paid in full. The loan payment due June 30 for the Town of Starkville was received within <br />30 days late but was a partial payment; the remaining amount has not been received to date. Thus, the on- <br />time performance for the total repayments 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 Fiscal Year 2006 is <br />detailed on the following attachment. Funds received relative to loans in repayment totaled $14.8 M for . <br />this period. Funds disbursed relative to new project loans totaled $25.2 M for this period. Net activity <br />resulted in $10.4 M disbursed by the CWCB Construction Fund and the Severance Tax Trust Fund <br />Perpetual Base Account (STfFPBA) over the total received. <br /> <br />Further breakdown is summarized as follows: The Construction Fund portion consists of $12.2 M in <br />receivables and $3.8 M in disbursements for a total net activity of $8.4 M received over disbursed. The <br />SITFPBA consists of$2.6 M in receivables and $21.4 M in disbursements for a total net activity of$18.8 <br />M disbursed over received. <br /> <br />. <br /> <br />36 <br />