33 Miss. Code R. § 11-A
FFY-2019 Funding (Federal and State)
**Required State Match | + | $2,397,000 |
**Emergency Fund remaining (amount of any board-approved emergency fund remaining available to be used as match) | + | $0 |
FFY2019 Cap Grant | + | $11,985,000 $14,382,000 |
Total Federal and State Funds available in FFY-2019 for Loan Obligations & Set-asides: |
FFY-2019 Cap Grant Set-Asides (estimated based on maximum allowable amount or historical amounts)
DWSRF Administrative Expenses [section 1452(g)(2) - 4%] (SDWA-DWSRF amendment to 2017 WIIN Act) | + | $479,400 |
Small Systems Technical Assistance [section 1452(g)(2) - 2%] | + | $239,700 |
Local Assistance and Other State Program [section 1452(g)(2) - 15%] (taking ~6.26%) | + | $750,000 |
State Program Management [section 1452(g)(2) -10%] | + | $1,198,500 |
Total FFY-2019 Cap Grant Set-Asides: | $2,667,600 |
Total Federal and State Funds Anticipated to be Available in FFY-2019 | + | $14,382,000 |
Less FFY-2019 Set-asides: | - | ($2,667,600) |
Total Federal & State Funds Anticipated to be Available for Loan Obligation in FFY-2019: | $11,714,400 |
2019 DWSRF Funds (Anticipated)
Total Federal & State Funds Anticipated to be Available for Loan Obligation in FFY-2019: | + | $11,714,400 | |
Unobligated Funds Carried Over from FFY-2018 | + | $20,152,651 | |
Loan Repayments To Be Deposited (Anticipated) | 10/1/18 - 9/30/19 | + | $13,306,010 |
Interest on Fund To Be Deposited (Anticipated) | 10/1/18 - 9/30/19 | + | $1,042,822 |
2019 Loan Increase Reserve ($1.0m) | - | ($1,000,000) | |
Total Funds Available for Loan Awards in FFY-2019 (Anticipated) | $45,215,883 | ||
FFY-2018 End-of Year Funds Report Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2018
FFY-2018 Funding (Federal and State) | ||
**2017 Legislated State Match (The 2017 State Legislature did not appropriate match funds for the FFY2018 EPA Cap Grant; $1,706,800 is required)(The 2018 State Legislature authorized $3.0 Million in Bonds as match for the FFY2018 & FFY2019 Cap Grants; $1,174,735.80 will be used with other existing match to obtain all of the FFY2018 Cap Grant) | + | $1,174,735.80 |
**2017 Emergency Funds remaining (The remainder of the 2017 Emergency Fund transfers not used for State match of the FFY2016 Cap Grant = $32,064.20) | + | $32,064.20 |
**2017-2018 State match: (An additional $500,000 was authorized by the Board from the Emergency Fund; It was anticipated that with the funds carried over from 2016 and the bond funds provided by the 2018 Legislature that all the FFY2018 EPA Cap Grant will be drawn down by the end of 2018) | + | $500,000.00 |
FFY2018 Cap Grant: (The FFY2018 Federal Cap Grant awarded was $8,534,000; needed State match = $1,706,800. These funds will be drawn down when the 2018 Bond funds are available) | + | $8,534,000.00 |
Total Federal and State Funds Available in 2018 for Loan Obligations & Set-asides | $10,240,800.00 | |
FFY-2018 Cap Grant Set-Asides No FFY2018 Cap Grant Funds or set-asides are shown in this report, these funds will normally not be available until QTR1 of FFY2019. The FFY2017 Cap Grant set-asides shown below became available in QTR2 of FFY2018 when the Board authorized an additional $500,000 from the Emergency Fund. | ||
DWSRF Administrative Expenses [section 1452(g)(2) - 4%] (SDWA-DWSRF amendment to 2017 WIIN Act) | + | $400,000 |
Small Systems Technical Assistance [section 1452(g)(2) - 2%] | + | $170,680 |
Local Assistance and Other State Program [section 1452(g)(2) - 15%] (taking ~8.2%) | + | $750,000 |
State Program Management [section 1452(g)(2) -10%] | + | $853,400 |
Total FFY-2018 Cap Grant Set-Asides | $2,174,080 | |
Total Federal and State Funds Available in FFY-2018 | + | $10,240,800 |
Less FFY-2018 Set-asides | - | ($2,174,080) |
Total Federal and State Funds Available for Loan Obligation in FFY-2018 | $8,066,720 |
FFY2018 DWSRF Loan Funds | |||
FFY2018 Federal and State Funds Available for Loan Obligation | + | $8,066,720 | |
Unobligated Funds Carried Over from FFY-2017 | + | $13,679,500 | |
Loan Repayments Deposited (Actual) | 10/1/17 - 9/30/18 | + | $14,515,648 |
Interest on Fund Deposited (Actual) | 10/1/17 - 9/30/18 | + | $1,137,625 |
FFY2018 Loan Decreases (actual) | 10/1/17 - 9/30/18 | + | $6,030,131 |
FFY2018 Loan Increases (actual) | 10/1/17 - 9/30/18 | - | ($481,502) |
FFY2018 Funds Available for Loan Awards | $42,948,122 | ||
Loan Awards made during FFY2018 (Initial) | - | ($22,795,471) | |
Carryover Funds for Projects funded in FFY-2018 | $20,152,651 | ||
* Mississippi received the entire FFY2018 Cap grant
33 Miss. Code. R. § 11-A