State of Georgia Clean Water State Revolving Fund Program 2008 annual report

STATE OF GEORGIA CLEAN WATER STATE REVOLVING LOAN FUND PROGRAM
2008 ANNUAL REPORT
Prepared by the GEORGIA ENVIRONMENTAL FACILITIES AUTHORITY
For the U.S. ENVIRONMENTAL PROTECTION AGENCY, REGION IV
September 30,2008
PLEASE NOTE that this report does not constitute nor is it suitable for use as an official financial statement. This report is not prepared by an independent auditor or accountant, and is provided for informational purposes only.

CLEAN WATER SRF ANNUAL REPORT TABLE OF CONTENTS FY 2008
INTRODUCTION ............................................................................................ I
EXECUTIVE SUMMARY ...............................................................................I
MEETING IUP GOALS AND OBJECTIVES ....................................................2
PROJECT PERFORMANCE MEASURES ....................................................... .2
CLEAN WATER STATE REVOLVING FUND LOANS .................................. .3
Aflrens-ClclrlceCo~mnly(CIVSRF 06-004).............................................................................................3............ Atluntn (CWSRF 06-003 Blynn Colrnfy (CWSRF 06-005 Cohh Coun!v (CIVSRF 07-001)
Hcill Couilty (CIVSRF 06-006 Homn~~to(nCWSRF 04-004)
LAND CONSERVATION PROGRAM LOANS ................................................ 5
B~lllochCoun(y (LC2007012 Chickarnuugo (LC2006018j GIjlnn C o ~ m f(yLC2007008) Roclc~lcmleCourzf),(LC2006002j Roclidole Co1mnf.y(LCZ007001)
PROGRAM ADMINISTRATION (4%).............................................................6
CWSRF LOAN DISBURSEMENTS ................................................................7.
CWSRF STATE MATCH .................................................................................7
CWSRF LOAN REPAYMENT ......................................................................... 7
ASSURANCES AND SPECIFIC PROPOSALS ................................................. 8

LIST OF ATTACHMENTS

ATI'ACHMENT 1: SOURCEOSF FUNDSBY QUARTE..R............................................................................................................9.....

ATTACHMENTZ:CWSRF REPAYMENT ACCOUN

ATTACHMENT^: COMMUNITIREESCEIVINCGWS

ATTACHMENT^: BINDINCGOMMITME ATTACHMEN5T: PERFORMANRCEESULTS OF CWSRF PROJECTS FUNDED.........................................................................1..2..

AITACHME6N: ATDMINISTRATEIVXE

ATTACHMENM'TB~E: IWRE UTILIZAT

ATTACHMEN8:TVISBURSEMENTOFCWSFROFNDSBY QUARTER

ATTACI-IMEN9T: COMPARISOFNPROJECTED VERSUASCTUAL V

................................................................... 16

ATTACHMENT 10: PROJECTSINITIATING OPERATION

STATE OF GEORGIA CLEAN WATER STATE REVOLVING LOAN FUND
FY 2008 ANNUAL REPORT

INTRODUCTION
As required by Chapter 40 of the Code of Federal Register, Part 3 1.3165, 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, 2008. 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 tlie 2007 Intended Use Plan (IUP) submitted in June 2007 and awarded September 2007.
The Georgia Environmental Facilities Authority (GEFA) was created by the Georgia General Asseinbly in 1986 as tlie successor agency to the Georgia Development Authority Eiivironniental Facilities Program. GEFA serves as the central State component for assisting local governments in financing the construction, extension, rchabilitatioii and replacement and securitization of public works facilities. The Governor of Georg-ia a-pp.oints eig-ht 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 Eiivironmental 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; infonnation tracking; updating files; infonnation gathering and development of the National Needs Survey; project ranking; issuing Notices ofNo Sibmificant Impacts (NONSI); assistance with the completion of the CWSRF "one-pager;" construction management; Disadvantaged Busiiless Enterprise requirements; project inspections; and assistance with the National Information Management System (NIMS).

EXECUTIVE SUMMARY

Fiscal Year 2008 is the 15'" year that GEFA has been the recipient of CWSRF funds, and the 21" year that tlie CWSRF Program has operated in the state of Georgia. The stateof Georgiareceived the2007 capitalization grant froin the United States Environ~nentalProtection Agency (EPA) on September 22, 2007 in the amount of $18,096,210, which included $17,372,362 in project funds and $723,848 in administrative funds. Also, the state of Georgia received the 2008 capitalization grant from EPA on June 5, 2008 in the amount of $11,505,384, which included $11,045,169 in project funds and $460,215 in administrative funds. Additionally, the state supplied the CWSRF program with the 20% state match of $5,920,3 19 in General Obligation bond funds to match the 2007 & 2008 capitalization grants. As of June 30, 2008 only the 2007 & 2008 capitalization grants remain open.

Funds received to date by Georgia's CWSRF Program from the EPA including Hardship Grant funds total $5 14,851,986. Georgia's required state match to date totals $102,686,432 for a grand total of $617,538,418. Attachment 1 displays total sources of funds by quarter during FY 2008 such as Federal grant fiinds, state match contributions, repayments from direct Federal loans, repaynents from state match loans, Land Conservation repayments and interest earnings generated from these accounts. Attachment 1

FY 2008 CWSRF Annual Report

1

also shows the 2% closing fees collected by quarter identified as Program Income and Non-Program Income. Georgia reports the collection of Program lncorne and Non-Program Income separately in accordance with the EPA Fee Guidance released in October 2005. Attachment 2 displays the balances within these accounts as of June 30,2008.
The CWSRF Program executed twelve new loans and one loan increase for a total of$122,772,300 during FY 2008. 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, comlnunity population and loan terms. Attachment 4 displays information about these 13 projects (listed in Appendix 3) in the format of 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 goal in the 2007 Intended Use Plan was to improve the pace of the CWRSF Program in comparison to the national average. Within the FY 2008 NIMS database information submitted in Aubqst 2008 the cumulative CWSRF pace for "SRF Assistance as a Percent of Funds Available" was calculated at 90%. This 90% now allows Georgia's CWSRF Program to be eligible for the 2009 CWSRF Pisces Award given to one state within Region 4.
The second goal listed in the 2007 Intended Use Plan was to foster a better relationship with the $319 Grants Program managed by EPD in an effort to fund a greater number of Non-Point Source (NPS) projects. Managers of the CWSRF program have worked with EPD to identify eligibleNPS project which applied through the $3 19grant program and were not funded. Unfortunately, no NPS projects were funded within FY 2008, but the CWSRF Program is in the process of developing a NPS project in Rockdale County and hopes to fund this project in FY 2009.
A third goal identified in the 2007 Intended Use Plan was the funding of a multi-phase project in Cobb County. In FY 2008 Cobb County signed phase 1 of a multi-phase project. The Phase 1 loan was for $35,000,000. An additional phase of this project is expected in October 2008. The estimated project cost of this project is $305,000,000 with a seven year construction period. This multi-phase project along with other multi-phase projects in Hall County, Gwinnett County, Henry County WSA, Athens-Clarke County and Valdosta will help to improve the pace of the CWSRF Program.
PROJECT PERFORMANCE MEASURES
During FY 2008 Georgia continued collecting information on project benefits via a state-specific Project Performance Worksheet which collects project results. Some of the results of those projects funded in FY 2008 are reported in Attachment 5. This attachment shows that one project funded with CWSRF funds will help to eliminate a consent order. Four other projects hnded with CWSRF funds will add 10,689 new customers to municipal sewer systems and construct 171,300 linear feet of sewer lines as well as eliminate 100 septic tanks from service.

FY 2008 CWSRF Annual Report

2

Georgia is also excited to begin providing performance dataon its new Land Conservation Program using CWSRF funds to purchase land for conservation purposes. In FY 2008 the CWSRF program funded five projects which helped to conserve almost 71 acres of land across the state. These acres will be permanently protected from development thus helping to preserve the states water quality resources.
Georgia has input project performance data for all the projects funded in FY2008 into the Clean Water Benefits System, maintained by EPA.

CLEAN WATER STATE REVOLVING FUND LOANS

Descriptions of the projects that received CWSRF funding within FY 2008 appear below. Each project funded was either on the Cotnprehensive List or Fundable List of Anticipated Lon11Recipients. If the project was not the highest priority project at the time, it bypassed those higher priority projects which had not yet 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 com~nitmentswere 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 ofNo Significant Impact (NONSI). All CWSRF projects cotnplcte a 4700-4 Certification Form and subsequently had that fonn approved by EPA. A description of each project funded is given below.
Athens-Clarke County (CWSRF 06-004)
011November 26,2007 Athens-Clarke County signed a contract for $15,000,000 representing the first of a two-phase project to construct five sewer Interceptors called the Upper North Oconee Interceptor, Trail Creek 1 interceptor, Trail Creek 2 Interceptor, Barnett Shoals Basin Interceptor and the Shoals CreeWWhit Davis Road Interceptor. The total project cost is projected to he approximately $32,500,000 with $15,000,000 provided in a phase 1 contract. Based on a fillancia1 analysis, Athens-Clarke County was eligible for a $15,000,000 loan at 3% interest. Athens-Clarke County will be charged a 2% closing fee of $300,000. As of the end of FY 2008, Athens-Clarke County has not drawn any of the contracted amount.
Atlanta (CWSRF 06-003)
On December 17,2007 the city of Atlanta in Fulton County signed the third of ten proposed loans from the CWSRF Progra~nto 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 $3 1,000,000 loan at 3% interest. Atlanta will be charged a 22%closing fee of $620,000. As of the end of FY 2008, Atlanta

FY 2008 CWSRF Ali~iualReport

3

has drawn $3 1,000,000 (100%) of the contracted amount.
Bryan County (CWSRF 06-005)
Bryan County signed a $1,625,000 contract on November 8,2007. Bryan County will construct phase 1 of a new 0.2 MGD wastewater treatment plant called the Genesis Point Sewer Facility. This plant will be expandable to 0.5 MGD. This treatment plant will service a new development on the Genesis Point land and consist of an aerated lagoon system with spray irrigation of effluent at a designated wooded site. Based on a financial review, Bryan County was eligible for a $1,625,000 loan at 3% interest. Bryan County will be charged a 2% closing fee of$32,500. As of the end ofFY 2008, Bryan County has drawn $1,123,399.57 (69%) of the contracted amount.
Cobb County (CWSRF 07-001) Cobb County signed a $35,000,000 contract on May 12, 2008. This $35,000,000 represents tlie first phase of a multi-phase project. Cobb County plans to construct a 30,000 foot long, deep rock tunnel with a 27-foot excavated diameter, several connecting tunnels 6- 10 feet in diameter ranging from 50 to 3,200 feet in length and a 130 MGD lift station at the South Cobb Water Reclamation Facility. The total projected cost of this project is approximately $305,000,000. Based on a financial review, Cobb County was eligible for a $35,000,000 loan at 3% interest. Cobb County will be charged a 2% closing fee of $700,000. As of the end of FY 2008, Cobb County has not drawn any of the contracted amount.
Hall County (CWSRF 05-004) Hall County signed a $3,000,000 contract on November 5, 2007. Hall County will construct facilities needed to provide wastewater collection service to the Calvary Church Road Sewerage area. The facilities will consist of gravity sewers, pump stations and force mains in addition to other appurtenances that are necessary to collect and convey the project wastewater to Flat Creek WPCP. Based on a financial review Hall County was eligible for a $3,000,000 loan at 3% interest. Hall County will be charged a 2% closing fee of $60,000. As of tlie end of FY 2008, Hall County has drawn $2,892,556.89 (96%) of the contracted amount.
Hall County (CWSRF 06-006) Hall County signed a $10,000,000 contract onNovember 5,2007. This $10,000,000 represents the first phase of a multi-phase project. Hall County will construct facilities needed to provide wastewater collection service to the Mulberry Creek Sewerage Area. The project runs along State Route 2 1 and State Route 53 then crosses Interstate 985 to State Route 13 to the Flat Creek WPCP. The facilities consist of gravity sewers, two pump stations, and force main in addition to other appurtenance that are necessaly to complete the work. The total projected cost of this project is approximately $31,200,000. Based on a financial review Hall County was eligible for a $10,000,000 loan at 3% interest. Hall County will be charged a 2% closing fee of $200,000. As of the end of FY 2008, Hall County has drawn $6,497,184.65 (65%) of the contracted amount.
Hampton (CWSRF 04-004) The city of Hampton in Henry County signed a $15,000,000 contract on March 14, 2008. This project will construct a new 1.75 million gallon a day (MGD) wastewater treatment facility. The project includes an influent pump station, mechanically and manually cleaned bar screens, avortex grit chamber, an influent Parshall flume for flow measurement, an influent sampler, an oxidation ditch, two secondary clarifiers, ultraviolet disinfection post aeration, an effluent sampler, and an

FY 2008 CWSRF Annual Report

4

effluent Parshall flume. Based 011a financial review, Hampton was eligible for a $15,000,000 loan at 3% interest. Hampton will be charged a 2% closing fee of $300,000. As of the end of FY 2008, Hampton has drawn $615,630 (4%) of the contracted amount.
Henry County Water and Sewerage Authority (CWSRF 06-001) The Henry County Water and Sewerage Authority signed a $7,400,000 increase to an existing contract on January 17,2008 increasing the total commitment of this project to $16,900,000. 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 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 the additional $7,400,000 loan at 3% interest. Henry County Water and Sewerage Authority will be charged an additional2% closing fee of $148,000 bringing the total closing fee to $338,000. As of the end of FY 2008, Henry County Water and SewerageAuthority has drawn $6,18 1,970.70 (37%) of the contracted amount.
LAND CONSERVATION PROGRAM LOANS
Listed below is a narrative describing the projects that received CWSRF funding within FY 2008 under Georgia's Land Conservation Program. This program provides 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.
Bulloch County (LC2007012) Bulloch County signed a $132,300 contract on Februa~y28,2008 to purchase a 28-acre farm. The county has estimated the value of the property at $990,000 based on a previous appraisal done by the landowner. Based on a financial review, Bulloch County was eligible for a $132,300 loan at 3% interest. Bulloch County will be charged a 2% closing fee of $2,646. As of the end of FY 2008, Bulloch County has drawn $132,300 (100%) of the contracted amount and has purchased the property.
Chickarnauga (LC2006018) Chickamauga signed an $875,000 contract on September 4,2007 to purchase 7 acres of land. This purchase will protect Crawford Spring, the largest water source in the West Chickamauga Creek basin. This spring produces 20 million gallons of water per day and is the back-up water supply for Walker County and the Chickamauga water systems. Based on a financial review, Chickarnauga was eligible for an $875,000 loan at 3% interest. Chicka~naugawill be charged a 2% closing fee of $17,500. As of the end of FY 2008, Chickalnauga has drawn $875,000 (100%) of the contracted amount and has purchased the property.
FY 2008 CWSRF Annual Report

Glynn County (LC2007008)
Glynn County signed a $2,750,000 contract on February 4,2008 for the fee simple acquisition of the 21 acre North Marsh property for eventual addition to adjacent 250 acre Fort Frederica National Monument. Based on a financial review, Glynn County was eligible for a $2,750,000 loan at 3% interest. Glynn County will be charged a 2% closing fee of $55,000. As of the end of FY 2008, Glynn County has drawn $2,750,000 (100%) of the contracted amount and has purchased the property.
Rockdale County (LC2006002)
Rockdale County signed a $750,000 contract on Septe1nber26,2007to purchase a 4.93-acre tract of land along the South River. This site is located within the proposed Rockdale South River Trail Greenway, a thirteen-acre trail that will extend from the DeI<alb County line to the Monastery of the Holy Spirit and will tie into the Arabia Mountain Trail. Based on a financial review, Rockdale County was eligible for a $750,000 loan at 3% interest. Rockdale County will be charged a 2% closing fee of $15,000. As of the end of FY 2008, Rockdale County has drawn $62 1,000 (83%) of the contracted amount and has purchased the property.
Rockdale County (LC2007001)
Rockdale County signed a $240,000 contract on September 26,2007 to purchase a 10.03-acretract. This property is adjacent to a previously funded project to sewe as a trailhead for the 13-mile South River Trail which will connect to Panola Mountain State Park as part of the Arabia Mountain National Heritage Area. Based on a financial review, Rockdale County was eligible for a $240,000 loan at 3% interest. Rockdale County will be charged a 2% closing fee of $4,800. As of the end of FY 2008, Rockdale County has drawn $240,000 (100%) of the contracted amount and has purchased the property.

PROGRAM ADMINISTRATION (4%)

In FY 2008 GEFA spent $644,396.17 and EPD spent $502,000 on program administration of the CWSRF Program. Additionally, EPD spent $578,220 to provide construction monitoring associated with the oversight task force responsibilities for the city of Atlanta's Capital Improvement Plan. Attachment 6 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 I~npacts statements, assistance with the completion of the CWSRF "one-pager," project construction managernelit and project inspections.
During FY 2008, the Construction Management Unit (CMU) of EPD processed 97 CWSRF project draw requests, performed 165 CWSRF project inspections and also coordinated 33 Minority Business Enterprise (MBE), Women Business Enterprise (WBE) and Equal Employment Opportunity (EEO) contract approvals. Additionally, this group performed 41 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

FY 2008 CWSRF Annual Report

6

percentage goal for Minority Business Enterprises (MBE) is 6.87% and 11.47% for Women Business Enterprises (WBE). The FY 2008 MBE and WBE participation percentage was 14.48% and 18.3%, respectively. Both of these percentages greatly exceeded Georgia's MBE and WBE goals. These percentages are calculated by dividing the total funds disbursed to MBEIWBE contractors by the total funds disbursed to all contractors. A summary of the quarterly MBEIWBE participation percentages for both SRF Programs during FY 2008 is displayed in Attachment 8.

CWSRF LOAN DISBURSEMENTS
The CWSRF Program disbursed funds to 23 active projects during FY 2008. Attachment 8 shows those projects which received funds by quarter in FY 2008. The CWSRF Program disbursed a total of $100,457,629.29 in FY 2008. Attachment 9 compares the projected disbursement schedules indicated within the 2006,2007 and 2008 tUPs for FY 2008 against the actual disbursements made in FY 2008. The CWSRF Program disbursed 57% of what it projected within FY 2008. This disbursement amount was lower than expected and was due in part to the slower than anticipated aspects of some large phased projects.

CWSRF STATE MATCH
During FY 2008 all projects which received direct capitalization grant dollars were funded with 80% Federal dollars and 20% state match dollars. GEFA received sufficient general obligation bond funds froin the state to match the CWSRF program at 20%. Each disbursement made with Fedcral dollars is appropriately matched with state dollars so as to maintain the proper level of match at any given time. Attachment 1 shows the amount of state match funds provided during FY 2008 by quarter.

CWSRF LOAN REPAYMENT

Six 5212 and four Land Conservation projects completed the construction phase and initiated

operation during FY 2008 (Attachment 10). The total dollar value awarded to these ten projects equaled

$133,694,411 of which $131,803,902, or 99%, was disbursed. Initiating operation of a land conservation

project is defined as a real estate transaction where the land is purchased by the loan recipient. The total

amount of repayments credited to the CWSRF fund from all sources was $37,009,692 and can be found

within Attachment 1. These sources of repayment include principal and interest payments and late fee

I

payments. To maintain the self-perpetuating nature of the CWSRF fund, all repayments including the

principal and interest are credited to the CWSRF Program. Additionally, a total of $2,295,975 in 2%

closing fees (program income and non-program income) was collected during the fiscal year (attachment

1). Non-program income will be used to fund water quality portions ofthe State-wide Water Management

Plan during FY 2009.

FY 2008 CWSRF Annual R e p o ~ t

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 - Tiinely Expenditure 6 . Enforceable Requirements of the Act 7. Title I1 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 completed audit of the Georgia Environmental Facilities Authority will be provided to EPA by September 30, 2008 thus satisfying the requirement listed in S35.3570(b).
FY 2008 CWSRF An~iualReport

ATTACHMENT 1 SOURCES OF FUNDS BY QUARTER CLEAN WATER STATE REVOLVING LOAN FUND
FY 2008 July I,2007 -June 30,2008

Repayments

CWSRF Federal Repayments

CWSRF State-Match Repayments

CWSRF Land Conservation Payments

Fees Collected

1

2% Closing fee (program)

1 $

1 2% Closing fee payments(non-program) $

Investment Earnings (Short &Long-term)

CWSRF Federal Repayment Fund

$

CWSRF State-Match Repayment Fund

$

2% Closing fee (program)

$

2% Closing fee payments (non-program)

$

Total $

Closing fees mllected reported on accrual basis.

7,750.525.09 1,193,758.27
8,796.21
1
1 240,245.72 $ 1 361,664.68 $
3,491,460.95 $ 1,449,043.37 $
429,932.85 $
- $
16,675,236.19 $

7,853,598.65 733,064.11 26,815.59
I
196,164.98 / $ 1 172,506.00 $

8,622.455.97

9,445,856.94 $

--773,948.00

1,440,787.75 $

48,296.07
1
1 120,285.67 $ 1 513,125.00 $

97,890.33 $
I
1 248,438.97 $ 1 460,764.00 $

33,672.436.65 4,141,558.13
181,798.20
805,135.34 1,508,059.68

2,796,392.96 $ 2,931,889.08 $ (241,251.70) $ 8,978,491.29

1,324.388.62 $ 1,011,825.89 $ 649,350.75 $ 4,434,608.63

359,865.23 $

419,465.49 $ (35,682.67) $ 1,173,580.90

- $

2,888.24 $ 13,693.89 $

16,582.13

21,137,801.93 $ 28,671,749.37 $ 13,181,662.86 $ 79,666,450.35

ATTACHMENT 2 CWSRF REPAYMENT ACCOUNTS CLEAN WATER STATE REVOLVING LOAN FUN1

.."... ".." CWSRF Federal Repayt-=="' E,lnd
CWSRF State-Match Repayment Fund CWSRF 2% Closing Fee (Non-program) CWSRF 2% Closing Fee
Total
galance as of 613012008

.II.-A,"cl.f"i,"C"O".R-A. 7
115,309,130.10 3,260,468.66
17,956.899.23
251,043,196.46

' 2008 CWSRF Annual Rep01

4,434,608.63 1'190'163.03
14,603,262.95

Project Funding Non-Program Income: Water Quality Related Adivities Program Income: CWSRF Activities

ATTPCWENT 3 C0MMUNmE.S RECEIWNG CWSE flNbNCW ESISTPNCE
C W NWATER STATE WOLWNG UW-4FUN)

FY 2QO8

Project Number

kfmit
t'4U*

ZP Me

July 1, m7-June30,2008

. -

WSRF

Binding

I h i s t a n c e

Codtmt

--- =I Amwnt

Dat@ -

Loan

Cmstmdion Projected Initiate

nterast DateLoan

Start Date Opmdion Date Population Rate ~~~~~~

AMTA

CWNP/ Cwo6m4 CW3

BWCOUNTY

CW06m5

GAm21R5N.Oconee'GPO 034584- Cpla Creek GAmm W37168
GA02U24GekR.
GA0326158-

30603 5
=$ 31321 5

15P00,030 31,004030 1,625,030

11/26R037 12/17L2037 1 11812037

12/1/2007 2nlaaDC6 121112007

111L2011 YIRW8

101,489 416,474

6'112009

23,417

3

hllr&29

5%

hllr&28

3%

Jme29

EULOCH COUNTY

LOOl7012 N/A

CHGWd4UGA

LOCO6018 NIA

GLMUU CCUNlY

LO03700B NIA

RCCWEW

LOOWILT2 N/A

INIA RCCWLE~XECTY 1 1 ~ 0 3 7 ~ n

1

I

Total/

'Hew CouWWSAwas rn i n m m torn &sting lorn.

304995

132JX)

30707 $

675KHI

31520 5

2,750.030

m07 5

750.OlO

30207ls

1 24Q030

1 912,772300 1

2/mCIIa EY4R037 2r4Rm8 91~037 9/26~m)71

NIA NIA NIA NIA FYA~

FYA

56,983

NIA

2,245

FYA 61.568

FY/\

70,111

FY4

1 70,111

I

h

mT&l8

9h Ocbber-27

5%

Mach28

h Ocbber-17

3?hI Ocbber-17

FY 2008 CWSRF Annual Report

ATTACHMENT 4 BINDING COMMITMENTS BY CATEGORY, POPULATION 8 DOLLAR VALUE
CLEAN WATER STATE REVOLVING LOAN FUND ASSISTANCE FY 2008
- July 1,2007 June 30,2008
'Only new projects are listedso as not to double count projectsfrom previous years.
FY 2008 CWSRF Annual Report

Object Cateaory
I Travel
lntractual berating Expenses I mputers tirect Costs

AlTACHMENT 6 ADMINISTRATIVE EXPENSES BY CATEGORY CLEAN WATER STATE REVOLVING LOAN FUND

- 4% GEFA

-FY 2008
July I,2007 June 30,2008

-4% EPD

Administrative Expanses Prosram Income

I Totlll
Fx~enditureo

8,828.77 38,728.02 96,101.10 2,313.70 183.762.59

502,000.00

578,220.00

8,828.77 1,118,948.02
96,101.10 2,313.70 183.762.59

FY 2008 CWSRF Annual Report

ATTACHMENT 7 MBEMBE UTILIZATION
-FY 2008
July 1,2007 June 30,2008

4th Quarter (July 1 - Sept. 30,2007)
- 1st Quarter (Oct. 1 Dec. 31,2007)
2nd Quarter (Jan. 1 - March 31,2008)
- 3rd Quarter (April 1 Jun 30, 2008)

3,573,750 4,782,415 5,676,237
514,632

6,040,852 4,904,744 5,641,027 1,931,966

9,614,602 9,687,159 11,317,264 2,446,599

TOTAL

$14,547,034

$18,518,589

$33,065,623

PERCENTAGE GOAL

6.87%

11.47%

18.34%

PERCENTAGE ACTUAL*

14.48%

18.43%

32.91%

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

Quarter
- - SFY
4th Quarter (July 1 - Sept. 30,2007)
- 1st Quarter (Oct. 1 Dec. 31,2007)
2nd Quarter (Jan. 1 - March 31,2008) 3rd Quarter (April 1 - Jun 30,2008)
TOTAL

-

Quarterly Summaries

MBE ($)

WBE ($)

3,640,037

6,083,756

4,959,269 5,690,262
514,632

4,904,744 5 7 18,432 1,931,966

$14,804,200

$18,638,898

I
TOTAL($) 9,723,793 9,864,013
11,408,694 2,446,598 $33,443,098

PERCENTAGE GOAL

6.87%

11.47%

18.34%

PERCENTAGEACTUAL*

12.54%

15.79%

28.34%

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

FY 2008 CWSRF Annual Report

ATTACHMENT 8 DISBURSEMENT OF CWSRF FUNDS BY QUARTER CLEAN WATER STATE REVOLVING LOAN FUND
PI 2008 July 1,2007 -June 30, 2008
FY 2008 CWSRF Annual Report

AlTACHMENT 9 COMPARISON OF PROJECTEDVERSUS ACTUAL DISBURSEMENTS
CLEAN WATER STATE REVOLVING LOAN FUND
-FY 2008
July 1,2007 June 30,2008

Proigcted Disbursements

- - - (7107 9107) (10107 12107) (1108 3108)

- (4108 8/08)

Projected FY 2008 CWSRF Disbursements from 2006 IUP

12,325,000.00 15,325,000.00 14,450,000.00 11,729,000.00

Projected FY 2008 CWSRF Disbursements from 2007 IUP

2,181,250.00 38,502,252.00 37,901,369.00 39,231,118.00

Projected FY 2008 CWSRF Disbursements from 2008 IUP

5,601,885.00

Total Projeded Disbursements for FY 2008 $20,108,135.00 $ 53,827,252.00 $ 52,351,369.00 $ 50,960,118.00 $

Aclual FY 2008 CWSRF Disbursements

$21,593,894.75 $ 13,007,679.07 $ 53,922,898.47 $ 11,933,157.00 $

Percent Disbursed of Pmjected

107%

24%

103%

23%

Totsl

'1

53,829,000.00 117,815,989.00
5,601,885.00

177,246,874.00

100,457,62929 57%

FY 2008 CWSRF Annual Report

I

Community

ATTACHMENT 10 PROJECTS INITIATING OPERATION CLEAN WATER STATE REVOLVING LOAN FUND

FY 2008
- July 1,2008 June 30,2008

CWSRF Assistance

Project Number

Amount

Assistance
Amount Used

Percentage Used

Binding
Commitment Date

Initiate Operation Date

Interest Rate

I

FY 2008 CWSRF Annual Report