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<br />East Brach Sayers Gulch (2-04CW082) <br />Wildcat Gulch (2-04CW089). <br /> <br />Water Supply Planning and Finance Section - Delinquency Report: Loan <br />Repayments received relative to the Water Project Construction Loan Program have been <br />reviewed for the period covering July 2004 through June 2005. The effective due date of <br />the payment is inclusive of the Board's current 30 day late policy. Hence, the date the <br />payment was received was compared to the last day allowable prior to the payment being <br />considered late. <br /> <br />Repayments due for the Fiscal Year 2005 totaled 209. There were seven payments not <br />received on time during this period. A partial payment was received from Lone Cabin <br />Ditch and Reservoir Company less than 30 days late; however, the remaining amount has <br />not been received to date. The loan payments for the Handy Ditch Company, the Town <br />of Walden and Rodney Preisser were received between 30 and 60 days late. The loan <br />payment for Shultz Farm, Inc. was received over 60 days late. The loan payments due <br />June 30 for Coon Creek Reservoir & Ditch Company and the Town of Starkville have not <br />been received to date. Thus, the on-time performance for the total repayments due was <br />97% in compliance or 3% not in compliance. <br /> <br />Water Supply Planning and Finance Section - Financial Activity in April 2005 and <br />May 2005: Loan Financial Activity relative to the Water Project Construction Loan <br />Program for Fiscal Year 2005 is detailed on the following attachment. Funds received <br />relative to loans in repayment totaled $24.5 M for this period. Funds disbursed relative to <br />new project loans totaled $27.7 M for this period. Net activity resulted in $3.2 M <br />disbursed from 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 <br />$22.4 M in receivables and $22.3 M in disbursements for a total net activity of $0.1 M <br />received over disbursed. The STTFPBA consists of $2.1 M in receivables and $5.4 M in <br />disbursements for a total net activity of $3.3 M disbursed over received. <br /> <br />50 <br />