State of Georgia Clean Water State Revolving Fund Program 2007 annual report

STATE OF GEORGIA CLEAN WATER STATE REVOLVING LOAN FUND
PROGRAM 2007 ANNUAL REPORT
Prepared by the GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY
For the U.S. ENVIRONMENTAL PROTECTION AGENCY, REGION IV
September 28, 2007

CLEAN WATER SRF ANNUAL REPORT TABLE OF CONTENTS FY 2007
INTRODUCTION.......................................................................................... 1
EXECUTIVE SUMMARY ............................................................................. 1
MEETING IUP GOALS AND OBJECTIVES................................................... 2
PROJECT PERFORMANCE MEASURES ...................................................... 2
CLEAN WATER STATE REVOLVING FUND LOANS .................................. 3
City of Atlanta (CWSRF 05-003) .................................................................................................................... 3 Effingham County (CWSRF 04-007)............................................................................................................... 3 Ellijay-Gilmer County Water and Sewerage Authority (CWSRF 05-006) ...................................................... 4 Gainesville (CWSRF 01-016) ......................................................................................................................... 4 Gwinnett County (CWSRF 04-005)................................................................................................................. 4 Henry County Water and Sewerage Authority (CWSRF 06-001) ................................................................... 4 Rincon (CWSRF 05-005) ................................................................................................................................ 5 Savannah (CWSRF 96-011)............................................................................................................................ 5
LAND CONSERVATION PROGRAM LOANS............................................... 5
Bibb County (LC2006005).............................................................................................................................. 5 Statham (LC2006001)..................................................................................................................................... 6
PROGRAM ADMINISTRATION (4%) ........................................................... 6
CWSRF LOAN DISBURSEMENTS ............................................................... 7
CWSRF STATE MATCH............................................................................... 7
CWSRF LOAN REPAYMENT ....................................................................... 7
ASSURANCES AND SPECIFIC PROPOSALS ............................................... 8
LIST OF ATTACHMENTS
ATTACHMENT 1: SOURCES OF FUNDS BY QUARTER................................................................................................................ 9 ATTACHMENT 2: CWSRF REPAYMENT ACCOUNTS................................................................................................................ 9 ATTACHMENT 3: COMMUNITIES RECEIVING CWSRF FINANCIAL ASSISTANCE .................................................................... 10 ATTACHMENT 4: BINDING COMMITMENTS BY CATEGORY, POPULATION & DOLLAR VALUE ............................................... 11 ATTACHMENT 5: PERFORMANCE RESULTS OF CWSRF PROJECTS FUNDED .......................................................................... 12 ATTACHMENT 6: PERFORMANCE RESULTS OF CWSRF PROJECTS FUNDED (FY 2003 - FY 2007) ........................................ 13 ATTACHMENT 7: ADMINISTRATIVE EXPENSES BY CATEGORY .............................................................................................. 14 ATTACHMENT 8: MBE/WBE UTILIZATION .......................................................................................................................... 15 ATTACHMENT 9: DISBURSEMENT OF CWSRF FUNDS BY QUARTER ..................................................................................... 16 ATTACHMENT 10: COMPARISON OF PROJECTED VERSUS ACTUAL DISBURSEMENTS ............................................................ 18 ATTACHMENT 11: PROJECTS INITIATING OPERATION ........................................................................................................... 19

STATE OF GEORGIA CLEAN WATER STATE REVOLVING LOAN FUND
FY 2007 ANNUAL REPORT

INTRODUCTION
As required by Chapter 40 of the Code of Federal Register, Part 31.3165, Subpart K, Section 606(d), and Chapter 6 of the Clean Water State Revolving Fund (CWSRF) Management Manual of December 1988, the Georgia Environmental Facilities Authority (GEFA) submits this Annual Report for the Fiscal Year ending June 30, 2007. This report provides detailed information concerning the management and fiscal integrity of this program along with any changes to the program, or updates to the program's goals and objectives in relation to the 2006 Intended Use Plan (IUP) submitted in May 2006 and awarded September 2006.
The Georgia Environmental Facilities Authority (GEFA) was created by the Georgia General Assembly in 1986 as the successor agency to the Georgia Development Authority Environmental Facilities Program. GEFA serves as the central State component for assisting local governments in financing the construction, extension, rehabilitation and replacement and securitization of public works facilities. The Governor of Georgia appoints eight members to the GEFA Board of Directors and three ex-officio members are designated by the Authority's enabling legislation. Through an interagency agreement with the Georgia Environmental Protection Division (EPD) certain construction management and professional services are provided by EPD to administer the CWSRF Program. These services include: project reviews and approvals; planning; project development; information tracking; updating files; information gathering and development of the National Needs Survey; project ranking; issuing Notices of No Significant Impacts (NONSI); assistance with the completion of the CWSRF "one-pager;" construction management; Disadvantaged Business Enterprise requirements; project inspections; and assistance with the National Information Management System (NIMS).

EXECUTIVE SUMMARY
Fiscal Year 2007 is the 14th year that GEFA has been the recipient of CWSRF funds, and the 20th year that the CWSRF Program has operated in the State of Georgia. Funds received to date by Georgia's CWSRF Program from the United States Environmental Protection Agency (EPA) including Hardship Grant funds total $485,250,392. Georgia's required state match to date totals $96,766,113 for a grand total of $582,016,505.
Attachment 1 displays total sources of funds by quarter during FY 2007 such as Federal grant funds, state match contributions, repayments from direct Federal loans, repayments from state match loans, Land Conservation repayments and repayments from Hardship grant projects and the interest earnings generated from these accounts. Attachment 1 also shows the 2% closing fees collected by quarter identified as program income and non-program income. Attachment 2 displays the balances within these accounts as of 6/30/2007.

FY 2007 CWSRF Annual Report

1

The CWSRF Program executed eight new loans and two loan increases for a total of $105,168,759 during FY 2007. This value far exceeds the 120% binding commitment requirement of section 35.3135 (c)(d). Attachment 3 provides detail on each project funded including the project number, permit number, zip code, assistance amount, binding commitment date, construction start date, projected initiation of operation date, community population and loan terms. Attachment 4 displays the projects that received assistance in a format that is consistent with the National Information Management System (NIMS). Please note that only new projects are listed in Attachment 4 so as not to double count projects from previous years.
MEETING IUP GOALS AND OBJECTIVES
The first objective listed within the 2006 IUP was the continuation of funding projects for the city of Atlanta. During FY 2007 the CWSRF Program executed its second contract with the city for $31,000,000. Also in FY 2007, the GEFA Board of Directors approved a third $31,000,000 commitment for the city. This third contract is slated to be executed in FY 2008. The city of Atlanta's projects are moving forward rapidly as can be seen in Attachment 9 which lists disbursement by quarter and shows that the city requested $53,389,400.28 in FY 2007. GEFA and EPD are collectively providing project oversight for the entire $3.9 billion project. During FY 2007 EPD spent $403,883 in non-program income for the oversight of this effort.
The second goal within the 2006 IUP was to put forth an effort to increase the CWSRF Program's pace indicators in comparison to the national level via the National Information Management System (NIMS) and to become eligible for the CWSRF Pisces Award. During FY 2007, program staff worked diligently to more closely manage program commitments and disbursements in order to increase those percentages. The facilitation of many large multi-phased projects has increased the pace of the program. Georgia is pleased to report that these pace percentages increased during FY 2007 with "Assistance as a % of Funds Available" increasing from a cumulative 79% in FY 2006 to 84% in FY 2007. Also, "Disbursements as a % of Funds Available" increased from a cumulative 61% in FY 2006 to 69% in FY 2007. These percentages are reported from the FY 2007 NIMS submission in August 2007.

PROJECT PERFORMANCE MEASURES
During FY 2007 Georgia continued collecting information on project benefits via a statespecific Project Performance Worksheet which collects project results. Some of the results of those projects funded in FY 2007 are reported in Attachment 5. This attachment shows that one project funded with CWSRF funds will help to eliminate a consent order with the construction of 10 million gallons of underground Combined Sewer Overflow storage. Two other projects funded with CWSRF funds will add 16,723 new customers to municipality-owned sewer systems and construct 57,900 linear feet of sewer lines. Attachment 6 graphically shows some performance trends from FY 2003-2007.
Georgia is also excited to begin providing performance data on its new Land Conservation

FY 2007 CWSRF Annual Report

2

Program using CWSRF funds to purchase land for conservation purposes. In FY 2007 the CWSRF program funded two projects which helped to purchase a total of 399.45 acres. These acres will be permanently protected from development thus helping to preserve the states water quality.
Georgia has also committed to the completion of the CWSRF Environmental Benefits "onepagers" for all projects funded in FY 2006. These forms have been completed for all projects funded in FY 2007 and uploaded to the nation-wide database.

CLEAN WATER STATE REVOLVING FUND LOANS
Listed below is a narrative describing the projects that received CWSRF funding within FY 2007. Each project funded was either on the Comprehensive List or Fundable List of Anticipated Loan Recipients. If the project was not the highest priority project at the time, it bypassed those higher priority projects which had not received approval. A lower priority project can bypass a higher priority project if the lower priority project has received EPD approval signifying that the project is ready to proceed, along with meeting GEFA debt service requirements. All commitments were made to qualified local governments or water and sewerage authorities according to the requirements of the Georgia Department of Community Affairs (DCA) and all possess a verified Service Delivery Strategy approved by DCA. Additionally, all loan recipients have the technical, managerial, and financial capability to operate a sewer system. Each project was reviewed for compliance with Federal cross-cutting authorities through the Georgia State Clearinghouse. Each project was also reviewed in accordance with the EPA-approved State Environmental Review Process (SERP) and was issued a Notice of No Significant Impact (NONSI). All CWSRF projects complete a 4700-4 Certification Form and subsequently had that form approved by EPA. A description of each project funded is given below.
City of Atlanta (CWSRF 05-003)
The city of Atlanta in Fulton County received the second of ten proposed loans from the CWSRF Program to address a Consent Decree. This project includes the following five CSO projects: 1) Intrenchment Creek Treatment Plant, 2) Custer Avenue Storage & Dechlorination, 3) Greensferry Sewer Separation, 4) Stockade Sewer Separation, and 5) McDaniel Basin Sewer Separation Based on a financial analysis, Atlanta was eligible for a $31,000,000 loan at 3% interest. Atlanta will be charged a 2% closing fee of $620,000. As of the end of FY 2007, Atlanta has drawn $22,389,800.28 (72%) of the contracted amount.
Effingham County (CWSRF 04-007)
On October 16, 2006 Effingham County signed a contract for $14,170,000. This project consists of the extension of additional wastewater collection and reclaimed water distribution lines in South Effingham County. The project is necessary in order to serve existing populated and developing areas of the County. The project also has the potential to supply reuse water to additional users. The project will include the construction of reuse waterlines, gravity sewer lines, and additional wastewater pumping and transmission capabilities. Based on a financial review, Effingham County was eligible for a $14,170,000 loan at 3% interest and will be

FY 2007 CWSRF Annual Report

3

charged a total 2% closing fee $283,400. As of the end of FY 2007, Effingham County has drawn $9,106,698.53 (64%) of the contracted amount.
Ellijay-Gilmer County Water and Sewerage Authority (CWSRF 05-006)
The Ellijay-Gilmer County Water and Sewerage Authority signed a $7,800,000 contract on March 8, 2007. The proposed project is for construction of the expanded facilities needed to meet the demand for wastewater service in the Authority's service area. The existing water pollution control plant (WPCP) has a capacity of 2.5 MGD and is currently at 95% capacity. The expansion will increase the size of the facility to 4.0 MGD to provide service through 2025. The work will take place at the existing site and consist of the addition of new treatment units and the modification of existing treatment units. Based on a financial review, Ellijay-Gilmer County Water and Sewerage Authority was eligible for a $7,800,000 loan at 3% interest. Ellijay-Gilmer County Water and Sewerage Authority will be charged a 2% closing fee of $156,000. As of the end of FY 2007, Ellijay-Gilmer County Water and Sewerage Authority has drawn $902,080.76 (11%) of the contracted amount.
Gainesville (CWSRF 01-016)
On 8/1/2006 the city of Gainesville signed a $10,000,000 increase to an existing contract increasing the total commitment to this project to $53,000,000. This is the third and final phase to the city of Gainesville for the Linwood Water Pollution Control Plant expansion from 3.1 MGD to 5 MGD. This project will help to reduce the amount of phosphorous discharged into Lake Lanier and Flat Creek. Based on a financial review, Gainesville was eligible for a $10,000,000 loan increase at 3% interest. Gainesville will be charged a 2% closing fee of $200,000 for this third phase of the project. As of the end of FY 2007, Gainesville has drawn $43,246,533.20 (81%) of the contracted amount.

Gwinnett County (CWSRF 04-005)
Gwinnett County signed a $22,000,000 contract on September 13, 2006. This project consists of the construction of a deep tunnel to store and convey wastewater from the Jacks Creek, No Business Creek, Big Haynes Creek, and Brushy Fork Creek service areas to the site of the future No Business Creek Regional Pumping Station. This pump station will then convey the project wastewater to advanced treatment facilities located elsewhere in the County. Currently, the Jacks Creek and No Business Creek WPCP provide wastewater service to a sizable portion of southern Gwinnett County. These facilities are approaching their ultimate capacity and end of their useful life. Once this project is completed, these two WPCPs will be decommissioned and their wastewater flows conveyed to the County's newer, advanced treatment facilities. Based on a financial review Gwinnett County was eligible for a $22,000,000 loan at 3% interest. Gwinnett County will be charged a 2% closing fee of $440,000. As of the end of FY 2007, Gwinnett County has not drawn any of the contracted amount.
Henry County Water and Sewerage Authority (CWSRF 06-001)
The Henry County Water and Sewerage Authority signed a $9,500,000 contract on June 28, 2007. The project includes a 1.0 million gallon per day (MGD) expansion to the existing 0.25 MGD Bear Creek wastewater treatment plant. The expansion will consist of a new plant influent pump station, new headworks with fine screening and grit removal, new two-basin Sequencing Batch Reactor and aerobic digesters, caustic storage and feed system, a new solids handling facility, a new effluent holding pond (14.0 million gallons), a new irrigation pump

FY 2007 CWSRF Annual Report

4

station, and 167 acres of new land application spray fields for the disposal of the treated effluent. Based on a financial review, Henry County Water and Sewerage Authority was eligible for a $9,500,000 loan at 3% interest. Henry County Water and Sewerage Authority will be charged a 2% closing fee of $190,000. As of the end of FY 2007, Henry County Water and Sewerage Authority has not drawn any of the contracted amount.
Rincon (CWSRF 05-005)
The city of Rincon signed a $2,904,759 contract on May 26, 2007. This project consists of the expansion and upgrade of the existing 0.50 MGD facility to 1.0 MGD. The upgrade will include tertiary treatment and will produce a high quality effluent. The existing permitted discharge capacity to Sweigoffer Creek will be increased to 1.0 MGD during wet weather (November through April), and remain at 0.5 MGD the rest of the year. Urban water reuse is being pursued for a portion of the flow. The proposed project will utilize oxidation ditch technology with secondary clarification, and includes nutrient removal, filtration, and UV disinfection. The project is necessary to improve treatment capabilities for the stringent permit limits and to ensure the reliability of the existing facility so that it can meet these permit limitations during all seasons. The project is also necessary to meet the needs of residential, commercial and industrial growth in the service area. Based on a financial review, Rincon was eligible for a $2,904,759 loan at 3% interest. Rincon will be charged a 2% closing fee of $58,095. As of the end of FY 2007, Rincon has not drawn any of the contracted amount.
Savannah (CWSRF 96-011)
On 10/11/2006 the city of Savannah signed a $7,479,000 increase to an existing contract increasing the total commitment to this project to $23,275,000. This project consists of constructing the new Crossroad WPCP, a 3.0 MGD advanced wastewater treatment facility capable of expanding to 6.0 MGD. This facility is necessary in order to serve the anticipated growth and potential new industry in the area. The project also includes the decommissioning of the existing Travis Field WPCP and rerouting flow from the Travis Field facility to the new treatment plant. Based on a financial review, Savannah was eligible for a $7,479,000 loan increase at 3% interest. Savannah will be charged a 2% closing fee of $149,580 for this increase. As of the end of FY 2007, Savannah has drawn $15,040,191.38 (65%) of the contracted amount.

LAND CONSERVATION PROGRAM LOANS
Listed below is a narrative describing the projects that received CWSRF funding within FY 2007 under Georgia's Land Conservation Program. This program was established with $55 million in CWSRF repayment funds designated to provide low interest loans to local governments for the purchase of land for the purpose of conservation. All projects using CWSRF funds are certified as providing a water quality benefit in accordance with the EPA-approved Non-Point Source Management Plan.
Bibb County (LC2006005) Bibb County signed a $180,000 contract on May 10, 2007 to help purchase land in the county

FY 2007 CWSRF Annual Report

5

along the Tobesofkee River. The county plans to purchase four contiguous tracts totaling 1,117.6 acres along the Tobesofkee River. Based on a financial review, Bibb County was eligible for a $180,000 loan at 3% interest. Bibb County will be charged a 2% closing fee of $3,600. As of the end of FY 2007, Bibb County has drawn $168,394.48 (94%) of the contracted amount.
Statham (LC2006001) Statham signed a $135,000 contract on December 29, 2006 to help purchase 20.45 acres of land known as the "Treadwell Estate" and the "Odem Tract." These two pieces of land consist of old growth hardwoods and have remained undisturbed for nearly a century. Permanent protection of these properties is important to the citizens of Statham as they contain natural springs which feed the towns' water supply. Based on a financial review, Statham was eligible for a $135,000 loan at 3% interest. Statham will be charged a 2% closing fee of $2,700. As of the end of FY 2007, Statham has drawn $135,000 (100%) of the contracted amount.
PROGRAM ADMINISTRATION (4%)
In FY 2007 GEFA spent $753,574.13 and EPD spent $502,000 on program administration. Additionally, EPD and GEFA spent $568,090.29 in non-program income to provide construction monitoring associated with the oversight task force responsibilities for the city of Atlanta's Capital Improvement Plan and other program-related account expenses. This $568,090.29 was paid from outside the CWSRF fund and paid from the 2% closing fee account generated as non-program income. Attachment 7 displays expenditures associated with program administration broken down by object category. Administrative and programmatic services provided by EPD include: project reviews, planning, developing and updating needs surveys, project ranking, issuing Notices of No Significant Impacts statements, assistance with the completion of the CWSRF "one-pager," project construction management and project inspections.
During FY 2007, the Construction Management Unit (CMU) of EPD processed 78 CWSRF project draw requests, performed 154 CWSRF project inspections and also coordinated 28 Minority Business Enterprise (MBE), Women Business Enterprise (WBE) and Equal Employment Opportunity (EEO) contract approvals. Additionally, this group performed 94 project inspections via the city of Atlanta oversight task force.
As a part of GEFA's loan agreement, all loan recipients are required to encourage the participation of small, minority and women owned businesses in all project subcontracts. The State's CWSRF Program percentage goal for Minority Business Enterprises (MBE) is 6.87% and 11.47% for Women Business Enterprises (WBE). The FY 2007 MBE and WBE participation percentage was 34.62% and 27.76%, respectively. Both of these percentages greatly exceeded Georgia's MBE/WBE goal. These percentages are calculated by dividing the total funds disbursed to MBE/WBE contractors by the total funds disbursed to all contractors. A summary of the quarterly MBE/WBE participation percentages for both SRF Programs during FY 2007 is displayed in Attachment 8.

FY 2007 CWSRF Annual Report

6

CWSRF LOAN DISBURSEMENTS
The CWSRF Program disbursed funds to 20 active projects during FY 2007. Attachment 9 shows those projects which received funds by quarter as Federal, state match, repayment stream projects, hardship grant projects and land conservation projects. The CWSRF Program disbursed a total of $144,988,244.18 in FY 2007. Attachment 10 compares the projected disbursement schedules indicated within the 2004, 2005 and 2006 IUPs for FY 2007 against the actual disbursements made in FY 2007. The CWSRF Program disbursed 162% of what it projected within FY 2007. As of 6/30/2007 Georgia's CWSRF Program has only one capitalization grant open which holds the remaining 4% administrative funds only. All Federal project funds have been disbursed to projects.
CWSRF STATE MATCH
Within the FY 2005 and FY 2006 Program Evaluation Report EPA made mention to Georgia's structure to match Federal grant funds with state funds according to the 20% requirement. At the end of FY 2006 exactly $6,275,222.25 in funds were re-classified as revenue within the CWSRF program. According to the State Match Options for the State Revolving Fund Program published in February 1997, "The interest portion of the repayment from loans transferred in from pre-existing state funded programs and made after March 7, 1985 must be deposited in the SRF and may be used for matching requirements only as they are received." Exactly $6,275,222.25 in interest collected on those state loans made after March 7, 1985 was re-classified as revenue to the CWSRF program and was used for state match. Within the FY 2007 NIMS database, Georgia's state match percentage is equal to 20% as seen in line 79. Attachment 9 displays all of the disbursements made to CWSRF projects in FY 2007. In FY 2007 all disbursement requests received a combination of 80% Federal funds and 20% state funds. This 80%/20% disbursement structure will guarantee the proper match percentage of the program.
Attachment 9 displays that $32,369,329.11 in Federal funds was disbursed as well as $8,102,745.82 in state match funds during FY 2007. Attachment 1 displays shows only $4,027,310.33 as a source of state match funds revenue. The difference of $4,075,435.49 was an overmatch amount calculated as on June 30, 2007 and transferred out of the match repayment account in order to maintain an appropriate 20% match proportion.

CWSRF LOAN REPAYMENT
Eight projects completed the construction phase and initiated operation during FY 2007 (Attachment 11). The total dollar value awarded to these eight projects equaled $77,781,070 of which $72,701,158, or 93%, was spent. The total amount of repayments credited to the CWSRF fund from all sources was $32,234,124.03 and can be found within Attachment 1. These sources of repayment include principal and interest payments and late fee payments. To maintain the selfperpetuating nature of the CWSRF fund, all repayments including the principal and interest are

FY 2007 CWSRF Annual Report

7

credited to the CWSRF Program.
ASSURANCES AND SPECIFIC PROPOSALS
The CWSRF Program certifies to adhere to all the certifications covered in 31.3135 as well as those within Georgia's Operating Agreement with the Regional EPA office. The specific certifications are:
1. Capitalization Grant Acceptance 2. Payment Schedule 3. State Matching Funds 4. Commitment of 120 percent in One Year 5. All Funds - Timely Expenditure 6. Enforceable Requirements of the Act 7. Title II Requirements 8. Cross Cutting Issues 9. State Law and Procedures 10. State Accounting and Auditing Procedures 11. Recipient Accounting and Auditing Procedures 12. Annual Report 13. Limitations on Eligibility 14. Maintain the Fund 15. Perpetuity 16. Types of Assistance 17. Limitations of Double Benefits 18. Consistency with Planning Requirements 19. Comprehensive List of Potential Loan Recipients 20. Eligibility on Non-Federal Share of Grants Projects 21. Annual Audit 22. Annual Federal Oversight Review and Technical Assistance 23. Corrective Action 24. Transfer of Funds between SRF Program
The annual audit of the CWSRF Program is in final draft form. This audit is performed by a professional independent auditing firm and complies with generally accepted governmental accounting standards and reveals the fiscal integrity of the CWSRF Program. The FY 2007 audit, which details the fiscal position (assets, liabilities, revenues, expenses and fund balances), will be sent under separate cover to US EPA Headquarters and Regional 4 staff within the next 30 days.

FY 2007 CWSRF Annual Report

8

ATTACHMENT 1 SOURCES OF FUNDS BY QUARTER CLEAN WATER STATE REVOLVING LOAN FUND

FY 2007 July 1, 2006 - June 30, 2007

Sources Of Funds

Qtr 1 (7/06 - 9/06)

Qtr 2 (10/06 - 12/06)

Qtr 3 (1/07 - 3/07)

Qtr 4 (4/07 - 6/07)

Total

Direct Capitalization Grant Funds

177,509.84

8,816,880.45

4,867,662.55

1,607,228.09 $ 15,469,280.93

State Match Funds

527,987.52

2,158,501.22

1,079,905.27

260,916.32 $ 4,027,310.33

Repayments

CWSRF Federal Repayments

6,580,599.04

8,256,335.64

7,187,797.88

7,023,116.72 $ 29,047,849.28

CWSRF State-Match Repayments

786,668.22

787,735.70

800,166.23

802,902.38 $ 3,177,472.53

CWSRF Hardship Grant Payments

1,547.54

1,547.54

1,547.54

1,547.54 $

6,190.16

CWSRF Land Conservation Payments

2,612.06 $

2,612.06

2% Closing fee payments (program)

$

632,956.00 $

676,831.80 $

994,929.23 $ 1,168,076.89 $ 3,472,793.92

2% Closing fee payments (non-program) $

19,998.00 $

27,331.20 $

49,508.60 $ 134,468.60 $ 231,306.40

Investment Earnings (Short & Long-term)

CWSRF Federal Repayment Fund

$ 3,443,111.01 $ 2,027,925.37 $ 2,532,805.19 $ 1,522,794.85 $ 9,526,636.42

CWSRF State-Match Repayment Fund

$ 1,377,601.11 $ 1,420,444.99 $ 1,414,854.24 $ 1,457,218.13 $ 5,670,118.47

Total $ 13,547,978.28 $ 24,173,533.91 $ 18,929,176.73 $ 13,980,881.58 $ 70,631,570.50

ATTACHMENT 2 CWSRF REPAYMENT ACCOUNTS CLEAN WATER STATE REVOLVING LOAN FUND
FY 2007 July 1, 2006 - June 30, 2007

Account CWSRF Federal Repayment Fund CWSRF State-Match Repayment Fund

CWSRF 2% Closing Fee Account
*Balance as of 6/30/2007
FY 2007 CWSRF Annual Report

Total

Balance* 148,487,914.75 110,985,679.42
18,333,064.74 277,806,658.91

Investment

Earnings

Expected Uses of Funds

9,526,636.42 Project Funding

5,670,118.47 Project Funding

Program Income: CWSRF Activities

864,648.00 Non-Program Income: Water Quality Related Activities

16,061,402.89

9

ATTACHMENT 3 COMMUNITIES RECEIVING CWSRF FINANCIAL ASSISTANCE
CLEAN WATER STATE REVOLVING LOAN FUND

FY 2007 July 1, 2006 - June 30, 2007

Community Atlanta

Project Number
CW05-003

Permit Number
GA0038644 GA0037168

Bibb County

LC2006005 N/A

Effingham County

CW04-007 GA01-564

Ellijay-Gilmer County WSA CW05-006 GA0021369

Gainesville*

CW01-016 GA0020168

Gwinnett County

CW04-005 GA0038130

Henry County WSA

CW06-001 GAU020095

Rincon

CW05-005 GA0046442

Savannah*

CW96-011 GA0038326

Statham

LC2006001 N/A

Total

*Gainesville and Savannah were increases to existing commitments.

Zip CWSRF Assistance

Binding

Construction Projected Initiate

Code

Amount

Commitment Date Start Date

Operation Date Population

30303

31,000,000

31208

180,000

31329

14,170,000

30540

7,800,000

30501

10,000,000

30045

22,000,000

30253

9,500,000

31326

2,904,759

31402

7,479,000

30666

135,000

$105,168,759.00

10/26/2006 5/10/2007 10/16/2006 3/8/2007 8/1/2006 9/13/2006 6/28/2007 4/26/2007 10/11/2006 12/29/2006

2/1/2005 N/A
1/1/2006 2/1/2007 11/1/2003 9/1/2006 6/1/2007 6/1/2007 4/1/2005 N/A

5/1/2008 N/A
12/1/2007 4/1/2008 7/1/2007 3/1/2010 5/1/2009 9/1/2008 7/1/2007 N/A

416,474 153,887
37,535 23,456 25,578 588,448 119,341
4,376 131,510
2,040

Loan Interest
Rate

Date Loan Matures

3%

Dec-27

3%

Jun-17

3%

Mar-28

3%

Oct-28

3%

Jan-28

3%

Aug-28

3%

Sep-29

3%

Jan-29

3%

Mar-28

3%

Apr-17

FY 2007 CWSRF Annual Report

10

ATTACHMENT 4 BINDING COMMITMENTS BY CATEGORY, POPULATION & DOLLAR VALUE
CLEAN WATER STATE REVOLVING LOAN FUND ASSISTANCE
FY 2007 July 1, 2006 - June 30, 2007

Project Type (212) & (319)
Secondary Treatment (Category I) Advanced Treatment (Category II) Infiltration/Inflow (Category IIIA) Sewer System Rehabilitation (Category IIIB) New Collector Sewers (Category IVA) New Interceptors (Category IVB) CSO Correction (Category V) Storm Sewers (Category VI) Recycled Water Distribution (Category X) Agricultural Cropland (Category VII-A) Agricultural Animals (Category VII-B) Silviculture (Category VII-C) Urban (Category VII-D, excludes decentralized systems) Ground Water - Unknown Source (Category VII-E) Marinas (Category VII-F) Resource Extraction (Category VII-G) Brownfields (Category VII-H) Storage Tanks (Category VII-I) Sanitary Landfills (VII-J) Hydromodification (Category VII-K) Individual/Decentralized Sewage Treatment (Cat VII-L) Unclassified
Total

Number of Assistance Agreements

Dollar Value

Assistance by Population Size

1

9,500,000 Less than 3,500:

4

28,183,759 3,500 to 9,999:

0

0 10,000 to 99,999:

0

0 1000,000 & above:

1

4,170,000

Total

2

22,000,000

1

31,000,000

0

0

1

10,000,000

0

0

1

134,715

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

2

180,285

0

0

0

0

13

$ 105,168,759

Dollar Value ($)

Number of New Assistance Agreements*

135,000

1

2,904,759

1

31,970,000

2

70,159,000

4

$ 105,168,759

8

*Only new projects are listed so as not to double count projects from previous years.

FY 2007 CWSRF Annual Report

11

ATTACHMENT 5 PERFORMANCE RESULTS OF CWSRF PROJECTS FUNDED
CLEAN WATER STATE REVOLVING LOAN FUND

FY 2007 July 1, 2006 - June 30, 2007

Community Atlanta Bibb County Effingham County Ellijay-Gilmer County WSA Gwinnett County Henry County WSA Rincon Statham

Project to Eliminate Project Number a Consent Order

CW05-003

X

LC2006005

CW04-007

CW05-006

CW04-005

CW06-001

CW05-005 LC2006001

1 Consent Order Total Eliminated

CSO- Gallons of Underground Storage

Gallons of

Linear Feet of New

Treatment Capacity

Sewer Line

Created

Constructed

10,000,000

10 Million Gallons

1,500,000
1,000,000 500,000

41,900 16,000

3 Million Gallons

57,900 Linear Feet

Number of New Customers Added
to System
13,390
3,333
16,723 new customers

Number of Acres Conserved 379
20.45 399.45 Acres Conserved

FY 2007 CWSRF Annual Report

12

Attachment 6 Performance Results of CWSRF Projects Funded
(FY 2003 - FY 2007)

Number of New Sewer Customers Added to the Sewer System
(CWSRF)
35000 29,706 Customers
30000

25000

20000

16,723 Customers

15000

12,500 Customers

10000

5000 0 Customers 1,210 Customers 0

2003

2004

2005

2006

2007

Linear Feet of New Sewer Line Constructed (CWSRF)

70000 57,900 Linear Feet
60000

50000 40,080 Linear Feet
40000

30000

20000

16,225 Linear Feet 19,625 Linear Feet

10000 0 Linear Feet
0

2003

2004

2005

2006

2007

C u sto m ers
L in e a r F e e t

13

ATTACHMENT 7 ADMINISTRATIVE EXPENSES BY CATEGORY CLEAN WATER STATE REVOLVING LOAN FUND

FY 2007 July 1, 2006 - June 30, 2007

Object Category
Personnel Fringe Benefits Travel Contractual Operating Expenses Computers Indirect Costs
Total $

4% - GEFA
293,349.05 101,179.01
9,118.07 14,168.57 93,758.58 11,596.46 230,404.39 753,574.13 $

4% - EPD

Administrative Expenses Non-Program Income

502,000.00 502,000.00 $

551,051.50 17,038.79
568,090.29 $

Total Expenditures
293,349.05 101,179.01
9,118.07 1,067,220.07
110,797.37 11,596.46
230,404.39
1,823,664.42

FY 2007 CWSRF Annual Report

14

ATTACHMENT 8 MBE/WBE UTILIZATION

FY 2007 July 1, 2006 - June 30, 2007

CLEAN WATER STATE REVOLVING LOAN FUND

Quarter

Quarterly Summaries

FFY

SFY

MBE ($)

WBE ($)

4th Quarter (July 1 - Sept. 30, 2006)

12,517,369

9,400,835

1st Quarter (Oct. 1 - Dec. 31, 2006)

11,445,592

8,245,831

2nd Quarter (Jan. 1 - March 31, 2007)

12,125,940

6,455,377

3rd Quarter (April 1 - Jun 30, 2007)

3,721,837

7,818,580

TOTAL

$39,810,737

$31,920,623

PERCENTAGE GOAL

6.87%

11.47%

PERCENTAGE ACTUAL*

34.62%

27.76%

TOTAL ($) 21,918,204 19,691,422 18,581,317 11,540,417
$71,731,360 18.34% 62.38%

*Percentage Actual is calculated by dividing the MBE or WBE funds disbursed by the total CWSRF funds disbursed.

CLEAN WATER & DRINKING WATER STATE REVOLVING LOAN FUND

Quarter

Quarterly Summaries

FFY

SFY

MBE ($)

WBE ($)

4th Quarter (July 1 - Sept. 30, 2006)

12,517,369

9,990,436

1st Quarter (Oct. 1 - Dec. 31, 2006)

11,445,592

8,339,207

2nd Quarter (Jan. 1 - March 31, 2007)

12,139,640

6,819,079

3rd Quarter (April 1 - Jun 30, 2007)

3,726,237

7,864,080

TOTAL

$39,828,837

$33,012,802

PERCENTAGE GOAL

6.87%

11.47%

PERCENTAGE ACTUAL*

31.27%

25.92%

TOTAL ($) 22,507,805 19,784,798 18,958,719 11,590,317
$72,841,640 18.34% 57.19%

*Percentage Actual is calculated by dividing the MBE or WBE funds disbursed by the total CWSRF and DWSRF funds disbursed.

FY 2007 CWSRF Annual Report

15

ATTACHMENT 9 DISBURSEMENT OF CWSRF FUNDS BY QUARTER
CLEAN WATER STATE REVOLVING LOAN FUND

FY 2007 July 1, 2006 - June 30, 2007

Community

Project #

CWSRF Federal Disbursements

Calhoun Columbus Water Works Effingham County

CW02-002 CW03-001 CW04-007

Effingham County Ellijay-Gilmer County WSA

CW03-003 CW05-006

Gainesville Gainesville

CW01-016 CW01-017

Gainesville Hinesville

CW02-015 2001-L00WQF

Pooler Saint Marys

CW02-007 CW00-017

Savannah

CW96-011 Subtotal

CWSRF State Match Disbursements

Calhoun

CW02-002M

Columbus Water Works

CW03-001M

Effingham County

CW04-007M

Effingham County

CW03-003M

Ellijay-Gilmer County WSA CW05-006M

Gainesville

CW01-016M

Gainesville

CW01-017M

Gainesville

CW02-015M

Hancock County

CW00-004M

Hinesville

2001-L00WQF

Pooler

CW02-007M

Saint Marys

CW00-017M

Savannah

CW96-011M

Subtotal

Qtr 1 (7/06 - 9/06)

Qtr 2 (10/06 - 12/06)

Qtr 3 (1/07 - 3/07)

Qtr 4 (4/07 - 6/07)

$

427,050.50 $

$

$

831,573.54 $

$

80,000.00

$

644,376.61

$

$

128,949.52

$

2,111,950.17 $

$ 157,732.65 $ 5,181,032.48 $
$
3,046,139.18 $
$ 248,700.58
8,633,604.89 $

60,148.80 2,014,906.46 $ 1,393,536.36 $
135,215.62 $
264,543.50
451,270.34 $
$ $ 4,319,621.08 $

$ 3,207,790.42 $
710,789.98 $ $
721,664.61 $ $ $
275,316.23 $ $ $
356,438.63 $ 12,032,153.10 $ 17,304,152.97 $

$

15,037.20

$

$

106,762.61 $

39,433.16 $

503,726.62 $

801,947.60 $

$

1,295,258.12 $

348,384.09 $

177,697.50 $

$

33,803.90

$

$

180,416.15 $

$

207,893.38 $

761,534.80 $

66,135.87

$

$

20,000.00

$

$

161,094.15

$

112,817.59 $

68,829.06 $

$

100.00

$

10,313.56 $

$

62,175.14

$

$

32,237.38

$

$

89,109.66 $

$

3,008,038.28 $

$

527,987.52 $

2,158,501.22 $

1,079,905.27 $

4,336,351.81 $

Total
60,148.80 5,807,480.03 7,285,358.82
135,215.62 721,664.61 4,142,256.22
80,000.00 1,370,963.18
248,700.58 128,949.52 356,438.63 12,032,153.10 32,369,329.11
15,037.20 1,451,869.99 1,821,339.71
33,803.90 180,416.15 1,035,564.05
20,000.00 342,740.80
10,413.56 62,175.14 32,237.38 89,109.66 3,008,038.28 8,102,745.82

FY 2007 CWSRF Annual Report

16

CWSRF Repayment Account Disbursements

Atlanta

CW04-003

$

Atlanta

CW05-003

Gwinnett County

CW03-002NP

Henry County WSA

CW04-009

$

Subtotal CWSRF 04-009

$

CWSRF Hardship Grant Disbursements

Hancock County

CW00-004

Subtotal

$

CWSRF Land Conservation Disbursements

Bibb County

LC2006005

Statham

LC2006001

Subtotal

$

Total $

27,535,719.20
5,824,132.26 $ 33,359,851.46 $
$ -$
-$ 35,999,789.15 $

$
$ 8,025,893.42 $ 8,025,893.42 $

3,464,280.80 $
779,097.97 4,752,008.38 $ 8,995,387.15 $

400.00 400.00 $

$ -$

$ -$ 18,818,399.53 $

$ 135,000.00 135,000.00 $ 14,529,913.50 $

$ 22,389,400.28 $
$ 1,400,588.22 $ 23,789,988.50 $

31,000,000.00 22,389,400.28
779,097.97 20,002,622.28 74,171,120.53

41,254.24 $ 41,254.24 $

41,654.24 41,654.24

168,394.48 $ $
168,394.48 $ 45,640,142.00 $

168,394.48 135,000.00 303,394.48 114,988,244.18

FY 2007 CWSRF Annual Report

17

ATTACHMENT 10 COMPARISON OF PROJECTED VERSUS ACTUAL DISBURSEMENTS
CLEAN WATER STATE REVOLVING LOAN FUND

FY 2007 July 1, 2006 - June 30, 2007

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Projected Disbursements

(7/06 - 9/06) (10/06 - 12/06) (1/07 - 3/07) (4/07 - 6/07)

Projected FY 2007 CWSRF Disbursements from 2004 IUP

6,200,000.00

3,212,000.00

Projected FY 2007 CWSRF Disbursements from 2005 IUP

14,533,000.00 13,850,000.00 13,650,000.00 11,800,000.00

Projected FY 2007 CWSRF Disbursements from 2006 IUP

-

379,220.00

2,575,000.00

4,575,000.00

Total Projected Disbursements for FY 2006 $ 20,733,000.00 $ 17,441,220.00 $ 16,225,000.00 $ 16,375,000.00 $

Total
9,412,000.00 53,833,000.00
7,529,220.00 70,774,220.00

Actual FY 2007 CWSRF Disbursements

$ 35,999,789.15 $ 18,818,399.53 $ 14,529,913.50 $ 45,640,142.00 $ 114,988,244.18

Percent Disbursed of Projected

174%

108%

90%

279%

162%

FY 2007 CWSRF Annual Report

18

Community Atlanta Bibb County Cave Spring Gainesville Pooler Saint Marys Waycross Waycross

ATTACHMENT 11 PROJECTS INITIATING OPERATION CLEAN WATER STATE REVOLVING LOAN FUND

FY 2007 July 1, 2006 - June 30, 2007

CWSRF Assistance

Project Number

Amount

CW04-003

31,000,000

LC2006005

180,000

CW98-003

1,089,216

CW01-017

21,000,000

CW02-007

11,851,154

CW00-017

4,750,000

CW00-001

1,310,000

CW00-020 Total $

6,600,700 77,781,070 $

Assistance Amount Used 31,000,000
168,394
1,056,674
21,000,000 11,783,857
4,750,000 910,575
2,031,658 72,701,158

Percentage Used 100% 94% 97% 100% 99% 100% 70% 31% 93%

Binding Commitment
Date 8/4/2005
5/10/2007
5/28/1998
12/23/2002 3/11/2003 4/19/2002 11/3/2000 12/4/2001

Initiate Operation Date
1/31/2007 5/18/2007 12/31/2006 9/31/2006 9/31/2006 1/31/2007 4/30/2007 4/30/2007

Loan Interest
Rate 3% 3%
3.07%
3%
3% 3% 3% 3%

FY 2007 CWSRF Annual Report

19