Mississippi Administrative Code
Title 33 - Public Health - Local Governments And Rural Water Systems Improvements Board
Part 4 - Drinking Water Systems Improvements Revolving Loan Fund Program Regulations
Appendices
Appendix 33-4-A Part 1A - FFY-2015 Anticipated Available Funds for the Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2014
| FFY-2015 National Title I DWSRF 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 Mississippi'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.
** The 2012 Regular Legislative Session did not provide any matching funds for the FFY-2012 Cap Grant ($9,341,000).
During the 2013 Regular Legislative Session, the Legislature authorized $1,000,000 in general obligation bonds. Bonds were sold and the proceeds were deposited into the DWSRF Fund during the 1st Quarter of FFY-2014 (December 2013). No discount & issuance costs were charged against the bond amount.
* $380,448 was used to match the Set-asides ($1,902,240) of the FFY-2013 Cap Grant ($8,764,000).
* $619,552 (the remainder of the $1M bond) was used to match $3,097,760 of the FFY-2012 Cap Grant, leaving a balance of $2,965,695 of the FFY-2012 Cap Grant to be matched.
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 Legislature authorized $1,000,000 in direct funding and the use of $2,000,000 in an existing MSDH account (02MS) for the DWSRF program. Additionally, $180,000 will be used from the Emergency Fund. These funds matched all outstanding grant funds; the FFY-2014 Cap Grant ($9,159,000) and the remainder of the FFY-2013 Cap Grant ($6,727,455). The $3,180,000 will be used as follows:
* $1,345,491 will match the remainder ($6,727,455) of the FFY-2013 Cap Grant.
* $1,831,800 will match the FFY-2014 Cap Grant ($9,159,000),
* $2,709 will remain to be use for future matches.
