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<br />. <br /> <br />Water Project Construction Loan Program <br />Loan Repayment Delinquency Report & Loau Financial Activity Report <br />September 2004 <br /> <br />Loan Repayment Delinquency <br /> <br />Loan Repayments received relative to the Water Project Construction Loan Program have been reviewed for the period <br />covering July 2004 through August 2004. The effective due date of the payment is inclusive of the Board's current 30 day <br />late policy. Hence, the date the payment was received was compared to the last day allowable prior to the payment being <br />considered late. <br /> <br />Repayments due for the first two months of Fiscal Year 2005 totaled 46. There were two payments not received on time <br />during this period. The loan payments for the Handy Ditch Company and the Town of Walden have not been received to <br />date. The loan payment (due in June) for Coon Creek Reservoir & Ditch Company has not been received to date. Thus, the <br />on-time performance for the total repayments due was 96% in compliance or 4% not in compliance. <br /> <br />Loan Financial Activity <br /> <br />Loan Financial Activity relative to the Water Project Construction Loan Program for Fiscal Year 2005 is detailed on the <br />following attachment. Funds received relative to loans in repayment totaled $2.63 M for this period. Funds disbursed <br />relative to new project loans totaled $6.87 M for this period. Net activity resulted in $4.24 M disbursed from the CWCB <br />Construction Fund and the Severance 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 $2.23 M in receivables and $6.83 <br />M in disbursements for a total net activity of $4.60 M disbursed over received. The STTFPBA consists of $0.40 M in <br />receivables and $0.04 M in disbursements for a total net activity of$0.36 M received over disbursed. <br /> <br />. <br /> <br />21 <br />