33 Miss. Code R. § 9-A Part 1A
FFY-2017 Beginning of the Year Anticipated Funds Report for the Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2016
FFY-2017 National Title I DWSRF Appropriation (Estimate) (Using FFY-2016 Allotment) | $855,381,000 | |
* Mississippi's Allotment [section 1452(m)] (Estimate) (Using FFY-2016 Amount) | $8,607,000 | |
FFY-2017 State Match Required (20% of Mississippi's Allotment) (Estimated) (Using FFY-2016 Amount) | + | $1,721,400 |
Total FFY-2017 Federal Allotment and Required State match (Estimate): | $10,328,400 |
FFY-2017 Funding (Federal and State)
**2016 Legislated State match (Direct Appropriation from Legislature-$1,220,000 Reduced to $1,200,166) | + | $1,200,166 |
**2015 Emergency Fund remainder (The reminder of the 2016 Emergency Fund transfer not used for State match in FFY2016 = $94,340.20) | + | $94,340 |
**2016-2017 Emergency Fund transfer (Amount needed to supplement the State Match for the FFY2016 Cap Grant $426,893.80) | + | $426,894 |
+ | ||
FFY-2016 Cap Grant (State Match = $1,721,400) | + | $8,607,000 |
Total 2016 Federal and State Funds available in FFY-2017 for Loan Obligations & Set-asides: | $10,328,400 |
Note: No FFY-2017 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 QTR4 of FFY-2017; the first portion of the FFY-2017 Cap Grant funds will not usually be received until QTR1 of FFY-2018.
FFY-2016 Cap Grant Set-Asides | ||
DWSRF Administrative Expenses [section 1452(g)(2) - 4%] (Used reserved amount from 2008) | + | $325,840 |
Small Systems Technical Assistance [section 1452(g)(2) - 2%] | + | $172,140 |
Local Assistance and Other State Program [section 1452(g)(2) - 15%] (taking ~8.2%) | + | $750,000 |
State Program Management [section 1452(g)(2) -10%] | + | $860,700 |
Total FFY-2016 Cap Grant Set-Asides: | $2,108,680 | |
Total Federal and State Funds available in FFY-2017: | + | $10,328,400 |
Less FFY-2016 Set-asides: | - | ($2,108,680) |
Total Federal & State Funds available for Loan Obligation in FFY-2017: | $8,219,720 |
FFY-2017 DWSRF Funds (Anticipated)
Total Federal & State Funds available for Loan Obligation in FFY-2017 | + | $8,219,720 | |
Unobligated Funds Carried Over from FFY-2016 | + | $23,477,852 | |
Loan Repayments To Be Deposited (Anticipated) | 10/1/16 - 9/30/17 | + | $12,011,246 |
Interest on Fund To Be Deposited (Anticipated) | 10/1/16 - 9/30/17 | + | $724,349 |
FFY-2017 Loan Increase Reserve ($1.0m) | - | ($1,000,000) | |
Total Funds Available for Loan Awards in FFY-2017 (Anticipated) | $43,433,167 | ||
33 Miss. Code. R. § 9-A Part 1A