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 2A - FFY-2014 End-of Year Funds Report Mississippi Drinking Water Improvements Revolving Loan Fund (DWSIRLF) Program October 1, 2014
| FFY-2014 National Title I DWSRF Appropriation (Actual) | $906,896,000 | |
| * Mississippi's Allotment [section 1452(m)] (Actual FFY-2014) (Actual) | $9,159,000 | |
| FFY-2014 State Match Required (20% of Mississippi's Allotment) (Actual) | + | $1,831,800 |
| Total FFY-2014 Federal Allotment and Required State Match (Actual): | $10,990,800 |
FFY-2014 Actual Funding (Federal and State)
| **2013 Legislated State Match from Bonds (Received Dec 2013) | + | $1,000,000 |
| Portion of FFY-2012 Cap Grant Captured by 2013 Legislation (State Match $619,552) | + | $3,097,760 |
| FFY-2013 Cap Grant Set-asides Matched by the 2013 Bond Legislation (Set-aside State Match = $380,448) | + | $1,902,240 |
| 2013 Emergency Fund Transfer | + | $620,000 |
| Portion of FFY-2012 Cap Grant Captured by Emergency Funds (Match $593,139) (FFY-2012 Cap Grant completely matched) | + | $2,965,695 |
| FFY-2013 Cap Grant Funds Captured by Balance of Emergency Funds Used as State Match (Match $26,861) | + | $134,305 |
| Total Federal and State Funds available in FFY-2014: | $9,720,000 |
FFY-2013 Federal Funds remaining to be captured and required State Match
| FFY-2013 Cap Grant Balance to be captured by 2014 Legislation (Direct Authorization, Existing MSDH Account and Emergency Fund transfer) | $6,727,455 |
| 2014 Legislated Match Funds for the Remaining FFY-2013 Cap Grant Funds ($6,727,455) | $1,345,491 |
| Total State Match needed for remaining FFY-2013 Federal Funds & FFY-2014 Cap Grant: | $3,177,291 |
FFY-2013 Cap Grant Set-Asides
| DWSRF Administrative Expenses [section 1452(g)(2) - 4%] | + | $350,560 |
| Small Systems Technical Assistance [section 1452(g)(2) - 2%] | + | $175,280 |
| Local Assistance and Other State Program [section 1452(g)(2) - 15%] (taking ~5.2%) | + | $500,000 |
| State Program Management [section 1452(g)(2) -10%] | + | $876,400 |
| Total FFY-2013 Cap Grant Set-Asides: | $1,902,240 | |
| Total Federal & State Funds Available in FFY-2014 | $9,720,000 | |
| Less FFY-2013 Set-asides | - | $1,902,240 |
| Total FFY-2014 Federal and State Funds to be Available for Loan Obligation | $7,817,760 |
FFY-2014 DWSRF Funds & Repayments
| Unobligated Funds Carried Over from FFY-2013 | + | $9,530,568 | |
| Federal & State Funds available in FFY-2014 | + | $7,817,760 | |
| Loan Repayments Deposited to the Fund (Actual) | 10/1/13 - 9//30/14 | + | $12,269,097 |
| Interest Deposited to the Fund (Actual) | 10/1/13 - 9/30/14 | + | $443,681 |
| FFY-2014 Loan Decreases (Actual) | 10/1/13 - 9/30/14 | + | $1,711,306 |
| FFY-2014 Loan Increases (Actual) | 10/1/13 - 8/30/14 | - | ($60,802) |
| FFY-2014 Loan Increase Reserve ($1.0m) | - | ($1,000,000) | |
| 2014 Projects Available for Loan Awards | $30,711,610 | ||
| Loan Awards made during FFY-2014 (16 Initial Loans for $21,136,914) | ($21,136,914) | ||
| FFY-2014 Carryover Funds to FFY-2015 | $9,574,696 | ||
* Mississippi applied for the entire FFY-2014 Cap Grant (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 for the DWSRF program. Additionally, $180,000 will be used from the Emergency Fund. These funds will match 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.
