33 Miss. Code R. § 5-A Part 1A
FFY-2015 National Title IDWSRF Appropriation (Estimate) (Using FFY-2014 Amount) | $906,896,000 | ||
* Mississippi's Allotment [section 1452(m)] (Estimate) (Using FFY-2014 Amount) | $9,159,000 | ||
FFY-2015 State Match Required (20% of Mssissippi's Allotment) (Estimated) (Using FFY-2014 Amount) | + | $1,831,800 | |
Total FFY-2015 Federal Allotment and Required State Match (Estimate): | $10,990,800 | ||
FFY-2015 Actual Funding (Federal and State) | |||
**2014 Legislated State Match (Direct Appropriation from Legislature) | + | $1,000,000 | |
"2014 Legislated State Match (Legislature authorized use of $2M in existing MSDH Fund - 02MS) | + | $2,000,000 | |
**2014 Emergency Fund transfer (Remaining amount needed as State Match for remainder of the FFY-2013 Cap Grant & all of the FFY-2014 Cap Grant funds) | + | $180,000 | |
Remaining Portion of FFY-2013 Cap Grant Balance Captured by 2014 Legislation (State Match $1,345,491) (FFY-2013 Cap Grant Completely Matched) | + | $6,727,455 | |
FFY-2014 Cap Grant Funds (State Match = $1,831,800) (FFY-2014 Cap Grant completely matched by the 2014 Legislation & Emergency Fund Transfer) ($2,709 will remain from the Emergency Fund to be used for future matches) | + | $9,159,000 | |
Total Federal and State Funds to be Available in FFY-2015: | $19,066,455 | ||
FFY-2014 Cap Grant Set-Asides | |||
DWSRF Administrative Expenses [section 1452(g)(2) - 4%] (Used reserved amount from 2004) | + | $332,124 | |
Small Systems Technical Assistance [section 1452(g)(2) - 2%] | + | $183,180 | |
Local Assistance and Other State Program [section 1452(g)(2) -15%] (taking -5.2%) | + | $500,000 | |
State Program Management [section 1452(g)(2) -10%] | + | $915,900 | |
Total FFY-2013 Cap Grant Set-Asides: | $1,931,204 | ||
Note: No FFY-2015 Cap Grant Funds or Set-asides are shown in this report in order to make this projection more realistic. State Match funds for Cap Grant funds normally will not be available until QTR1 of FFY-2016; therefore, the first portion of the FFY-2015 Cap Grant funds will not usually be received until QTR1 of FFY-2016. | |||
Total Federal and State Funds available in FFY-2015 | $19,066,455 | ||
Less FFY-2014 Set-asides | - | ($1,931,204) | |
Total Federal & State Funds available for Loan Obligation in FFY-2015 | $17,135,251 | ||
FFY-2015 DWSRF Funds Projections | |||
Total Federal & State Funds available for Loan Obligation in FFY-2015 | + | $17,135,251 | |
Unobligated Funds Carried Over from FFY-2014 | + | $9,574,696 | |
Anticipated Loan Repayments To Be Deposited | 10/1/14-9/30/15 | + | $11,246,675 |
Anticipated Interest on Fund To Be Deposited | 10/1/14-9/30/15 | + | $406,307 |
Anticipated FFY-2015 Loan Decreases | 10/1/14-9/30/15 | + | $0 |
Anticipated FFY-2015 Loan Increases | 10/1/14-9/30/15 | - | ($0) |
FFY-2015 Loan Increase Reserve ($1.0m) | - | ($1,000,000) | |
Total Funds Available for Loan Awards in FFY-2015 (Anticipated) | $37,363,325 | ||
Funds needed for Projects on the FFY-2015 Priority List & FFY-2016 After Planning List | ($80,628,711) | ||
Additional Funds needed to fund all Anticipated Projects in FFY-2015 | $43,265,386 | ||
* Mississippi will apply for the entire FFY-2015 Cap Grant if State match funds are provided by the Legislature. Cap Grant funds must be matched within 24 months of award.
In FY-2013, approval was received to use $620,000 from the Drinking Water Emergency Loan fund; the proceeds above the initial $5 M deposited by the State into the fund may be used for similar purposes.
* $593,139 was used to match the remainder ($2,965,695) of the FFY-2012 Cap Grant. * $26,861 was used to matched $134,305 of the remaining FFY-2013 Cap Grant; leaving a balance of $6,727,455 to be matched.
During the 2014 Regular Legislative Session, the State Legislature (House Bill No. 1495) authorized $1,000,000 in direct funding for the DWSRF program and the use of $2,000,000 in an existing MSDH account for the DWSRF program. Additionally, $180,000 was used from the Drinking Water Systems Emergency Loan Fund (DWSELF). The total of all the state match funds matched all outstanding EPA Grant funds; the remaining portion of the FFY-2013 Cap Grant ($6,727,455) and the total FFY-2014 Cap Grant ($9,159,000). The $3,180,000 of state funds was used as follows.
* $1,345,491 matched the remainder of the FFY-2013 Cap Grant amount ($6,727,455).
* $1,831,800 matched the FFY-2014 Capitalization Grant ($9,159,000).
* $2,709 from the Drinking Water Systems Emergency Loan Fund (DWSELF) will remain to be used as match for future Capitalization Grants.
During the 2015 Regular Legislative Session, the State Legislature (House Bill No. 1555) authorized $1,200,000 in direct funding for the DWSRF program; however, due to a shortfall in state funds the authorized $1,200,000 was reduced to $1,100,479.80. Using the revised legislated fund amount, the remainder ($2,709) of state match funds from FFY-2014 and $728,611.20 from the Drinking Water Systems Emergency Loan Fund (DWSELF), the entire required amount ($1,831,800) for the state match will be provided for the EPA FFY-2015 Cap Grant ($9,159,000). The $1,183,800 in state match funds will be used as follows.
* $1,831,800 will match the complete FFY-2015 Capitalization Grant ($9,159,000).
33 Miss. Code. R. § 5-A Part 1A