State of Georgia Clean Water State Revolving Fund Program 2019 annual report

State of Georgia Clean Water State Revolving Loan Program
State Fiscal Year 2019 Annual Report
Prepared by the Georgia Environmental Finance Authority
for the U.S. Environmental Protection Agency, Region IV
September 30, 2019
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 State Revolving Fund Annual Report Table of Contents
State Fiscal Year 2019
Introduction ....................................................................................................................................... 1
Executive Summary..........................................................................................................................1
Additional Subsidization Projects......................................................................................................2
Bainbridge (CW2017029) ............................................................................................................................................................. 2 Blairsville (CW2017018) ............................................................................................................................................................... 2 Byron (CW2016048) ..................................................................................................................................................................... 2 Colquitt (CW2017030) .................................................................................................................................................................. 2 Douglas (CW2016036) ................................................................................................................................................................. 2 Hawkinsville (CW2016034)........................................................................................................................................................... 2 Kingsland (Cw2016047)................................................................................................................................................................ 3 Millen (CW2017027) ..................................................................................................................................................................... 3 Mitchell County Board Of Commissioners (CW2017021)............................................................................................................. 3 Thomaston (CW2016044)............................................................................................................................................................. 3 Trion (CW2017012) ...................................................................................................................................................................... 3 Unified Government Of Georgetown-Quitman County (CW2017028) .......................................................................................... 3 Waco (CW2017033) ..................................................................................................................................................................... 3
Green Projects..................................................................................................................................3
Bulloch County Development Authority/City Of Statesboro (CW2019010)................................................................................... 3 Cedartown (CW2018007) ............................................................................................................................................................. 4 Lafayette (CW2018012)................................................................................................................................................................ 4 Lyerly (CW2018020) ..................................................................................................................................................................... 4 Pinehurst (CW2017017) ............................................................................................................................................................... 4 Sandersville (CW2018014) ........................................................................................................................................................... 4
Base CWSRF Projects .....................................................................................................................4
Adairsville (CW2016018) .............................................................................................................................................................. 4 Atlanta (CW2018018) ................................................................................................................................................................... 4 Atlanta (CW2018019) ................................................................................................................................................................... 4 Braselton (CW2016030) ............................................................................................................................................................... 4 Braselton (CW2018013) ............................................................................................................................................................... 5 Claxton (CW2016038) .................................................................................................................................................................. 5 Dallas (CW2018009)..................................................................................................................................................................... 5 Eatonton-Putnam Water and Sewer Authority (CW2016032)....................................................................................................... 5 Hahira (CW2017015) .................................................................................................................................................................... 5 Hiawassee (CW2017020) ............................................................................................................................................................. 5 Hinesville (CW15021) ................................................................................................................................................................... 5 Madison Downtown Development Authority (CW15012).............................................................................................................. 5 Newton County Water and Sewerage Authority (CW2019003) .................................................................................................... 5 Porterdale (CW2018008) .............................................................................................................................................................. 6 Rockdale County Board of Commissioners (CW2017009)........................................................................................................... 6 Royston (CW2016042) ................................................................................................................................................................. 6 Tallapoosa (CW13011) ................................................................................................................................................................. 6 Warren County Board of Commissioners (CW2018022) .............................................................................................................. 6
Meeting IUP Goals and Objectives ...................................................................................................6
Program Administration (4 percent) ..................................................................................................8
CWSRF Non-Program Income .........................................................................................................8

DBE Participation .............................................................................................................................8
CWSRF Loan Disbursements...........................................................................................................8
CWSRF State Match ........................................................................................................................9
CWSRF Loan Repayment ................................................................................................................9
Water Resources Reform Development Act Implementation............................................................9
Assurances and Specific Proposals..................................................................................................9
List of Attachments
Attachment 1: Sources and Uses of Funds by Quarter...................................................................11 Attachment 2: CWSRF Repayment Accounts.................................................................................11 Attachment 3: Communities Receiving CWSRF Financial Assistance............................................12 Attachment 4: Binding Commitments by Category, Population, and Dollar Value ..........................13 Attachment 5: Administrative Expenses by Category .....................................................................14 Attachment 6: DBE Utilization.........................................................................................................15 Attachment 7: Disbursement of CWSRF Funds by Quarter............................................................16 Attachment 8: Comparison of Projected Versus Actual Disbursements..........................................18 Attachment 9: Projects Closed in FY2019 ......................................................................................19

State of Georgia Clean Water State Revolving Fund Program
State Fiscal Year 2019 Annual Report

Introduction
The Clean Water State Revolving Fund (CWSRF) provides assistance to wastewater and nonpoint source projects that improve water quality in Georgia as identified in the amended Clean Water Act of 1972. A range of water quality and wastewater treatment projects are covered by the program, including:
Stormwater and flood control projects, Projects for the construction or expansion of wastewater treatment facilities and installation of sewer lines
and sewer rehabilitation, Projects that support the state's nonpoint source management plan, and Projects that reduce energy costs, such as solar, wind, and biogas projects.
As required by the Code of Federal Regulations, Title 40, Part 35, Subpart K, Section 35.3165; Section 606, Paragraph (d) of the Clean Water Act; and Chapter 6 of the CWSRF Management Manual of December 1988, the Georgia Environmental Finance Authority (GEFA) submits this annual report for the state fiscal year ending June 30, 2019 (FY2019). This report provides detailed information concerning the management and fiscal integrity of the program, changes to the program, and updates to the program's goals and objectives in relation to the 2018 Intended Use Plan (IUP).
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 agency for assisting local governments in financing the construction, extension, rehabilitation, replacement, and securitization of public works facilities. The governor of Georgia appoints eight members to the GEFA board of directors, and three exofficio members are designated by GEFA's enabling legislation. The Georgia Environmental Protection Division (EPD) provides certain professional services for the CWSRF. These services include project reviews and approvals; planning; project development; information tracking; information gathering and assistance with the National Needs Survey; issuing Notices of No Significant Impacts (NONSI) and Categorical Exclusions (CE); and assistance with the National Information Management System (NIMS) and certain sections of the Clean Water Benefits Reporting database.
Executive Summary
In June 2018, GEFA submitted an IUP and application for the 2018 CWSRF grant. The 2018 grant was awarded on August 2, 2018, for $27,138,000. In June 2019, the 2019 grant application and IUP were submitted to the U.S. Environmental Protection Agency (EPA) for $26,865,000 and awarded on August 27, 2019. Funds awarded by EPA to Georgia's CWSRF as of June 30, 2019, total $817,932,061, including $24,672,170 net transfers from the Drinking Water State Revolving Fund (DWSRF). There were no net transfers from DWSRF for state FY2019. Georgia's required state match totals $146,719,062, with the CWSRF match for the 2018 grant coming from overmatch credit not cash.
Attachment 1 shows the total sources of funds by quarter during state FY2019 including federal grant funds, state match contributions, repayments from direct federal loans, and interest earnings generated from these accounts. Attachment 1 also shows the closing fees collected by quarter identified as Program Income and Non-Program

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Income. Georgia reports the collection of Program Income and Non-Program Income separately in accordance with the EPA Fee Guidance released in October 2005. Attachment 1 also shows the uses of funds by quarter. Attachment 2 shows the balances within these accounts as of June 30, 2019.
The CWSRF executed 29 new loans and 11 increases to existing loans in state FY2019 for a total of $164,070,900. This total assistance includes $4,024,400 in principal forgiveness and $33,880,050 in loans that met the qualifications for the Green Project Reserve. These executions and increases can be found in Attachment 3. Attachment 4 shows information for these 40 projects in the NIMS format. Lastly, GEFA and EPD collectively entered all necessary information into the Clean Water Benefits Reporting database for all projects funded through state FY2019.
All new loan commitments were made to qualified local governments or water and sewer authorities according to the requirements of the Georgia Department of Community Affairs, which includes a verified Service Delivery Strategy. Additionally, all loan recipients have the technical, managerial, and financial capability to operate a sewer system. Each project was reviewed in accordance with the EPA-approved State Environmental Review Process (SERP) and was issued a NONSI or a CE.
Additional Subsidization Projects
Bainbridge (CW2017029) On December 17, 2018, Bainbridge signed a $1,055,000 assistance agreement, including $211,000 in principal forgiveness. This project includes installing new gravity sewer lines and rehabilitating five pump stations. As of the end of state FY2019, Bainbridge has drawn $16,230.00.
Blairsville (CW2017018) On January 14, 2019, Blairsville signed a $800,000 assistance agreement, including $160,000 in principal forgiveness. This project includes installing a grit removal system at the headworks of the wastewater treatment facility. As of the end of state FY2019, no funds were drawn.
Byron (CW2016048) On January 3, 2019, Byron signed a $2,500,000 assistance agreement, including $500,000 in principal forgiveness. This project includes installing sewer lines, manholes, and service lines. As of the end of state FY2019, Byron has drawn $131,488.40.
Colquitt (CW2017030) On November 14, 2018, Colquitt signed a $540,000 assistance agreement, including $108,000 in principal forgiveness. This project includes installing sewer mains. As of the end of state FY2019, Colquitt has drawn $150,931.67.
Douglas (CW2016036) On January 3, 2019, Douglas signed a $2,000,000 assistance agreement, including $500,000 in principal forgiveness. This project includes rehabilitating the wastewater treatment plant. As of the end of state FY2019, Douglas has drawn $113,400.00.
Hawkinsville (CW2016034) On May 2, 2018, Hawkinsville signed a $2,500,000 assistance agreement, including $500,000 in principal forgiveness. This project includes rehabilitating the wastewater treatment plant. As of the end of state FY2019, Hawkinsville has drawn $52,105.00.

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Kingsland (CW2016047) On November 19, 2018, Kingsland signed a $2,000,000 assistance agreement, including $500,000 in principal forgiveness. This project includes upgrading and improving the water distribution system. As of the end of state FY2019, Kingsland has drawn $97,178.20.
Millen (CW2017027) On September 20, 2018, Millen signed a $456,000 assistance agreement, including $92,000 in principal forgiveness. This project includes replacing sewer mains. As of the end of state FY2019, Millen has drawn $437,203.00.
Mitchell County Board of Commissioners (CW2017021) On July 12, 2018, Mitchell County Board of Commissioners signed a $1,700,000 assistance agreement, including $350,000 in principal forgiveness. This project includes rehabilitating components of the wastewater treatment plant and the land application system. As of the end of state FY2019, Mitchell County Board of Commissioners has drawn $1,113,716.01.
Thomaston (CW2016044) On November 19, 2018, Thomaston signed a $2,000,000 assistance agreement, including $500,000 in principal forgiveness. This project includes rehabilitating two existing lift stations and rehabilitating and replacing sewer lines and manholes. As of the end of state FY2019, Thomaston has drawn $349,477.74.
Trion (CW2017012) On July 27, 2018, Trion signed a $4,300,000 assistance agreement, including $500,000 in principal forgiveness. On March 29, 2019, Trion signed a $1,200,000 increase to the existing loan. This project includes installing sludge pumps, thickeners, and belt press units. As of the end of state FY2019, Trion has drawn $485,651.06.
Unified Government of Georgetown-Quitman County (CW2017028) On November 1, 2018, the Unified Government of Georgetown-Quitman County signed a $319,000 assistance agreement, including $63,800 in principal forgiveness. This project includes installing a pond liner, air relief valves, and a generator. As of the end of state FY2019, the Unified Government of Georgetown-Quitman County has drawn $6,575.00.
Waco (CW2017033) On February 14, 2019, Waco signed a $198,000 assistance agreement, including $39,600 in principal forgiveness. This project includes replacing pond liners in the treatment lagoons at the water pollution control plant and replacing one monitoring well at the land application site. As of the end of state FY2019, no funds were drawn.
Green Projects
Bulloch County Development Authority/City of Statesboro (CW2019010) On June 6, 2019, the Bulloch County Development Authority signed a $15,559,000 assistance agreement. This project includes upgrading the stormwater collection and conveyance system through the construction of open channels, upgrading of existing box culverts, and addition of green infrastructure features. As of the end of state FY2019, no funds were drawn.

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Cedartown (CW2018007) On October 5, 2017, Cedartown signed an $3,000,000 assistance agreement. This project includes replacing two lift stations and rotary screens at the wastewater treatment plant and slip-lining the 10-inch gravity sewer line. As of the end of state FY2019, Cedartown has drawn $142,234.65.
Lafayette (CW2018012) On October 5, 2018, Lafayette signed a $1,250,000 assistance agreement. This project includes sewerage system improvements including the replacement of a segment of the Spring Creek interceptor and replacement of manholes. As of the end of state FY2019, Lafayette has drawn $399,132.35.
Lyerly (CW2018020) On December 17, 2018, Lyerly signed a $130,000 assistance agreement. This project includes improvements to the wastewater treatment plant equipment and constructing an equipment building. As of the end of state FY2019, no funds were drawn.
Pinehurst (CW2017017) On October 3, 2018, Pinehurst signed a $85,000 assistance agreement. Pinehurst signed a $60,000 increase to the existing assistance agreement on June 6, 2019. This project includes rehabilitating the effluent pump stations by installing two new pumps, guide rails, and a control panel. As of the end of state FY2019, Pinehurst has drawn $10,550.50.
Sandersville (CW2018014) On November 1, 2018, Sandersville signed a $6,414,000 assistance agreement. This project includes improvements to the water pollution control plant, rehabilitation of sewers, and construction of sewer infrastructure to serve new customers. As of the end of state FY2019, Sandersville has drawn $8,708.27.
Base CWSRF Projects
Adairsville (CW2016018) On June 27, 2019, Adairsville signed a $2,313,000 increase to the existing $9,273,000 assistance agreement entered on July 25, 2017. This project includes expanding and upgrading the North Wastewater Treatment Plant and decommissioning the South Wastewater Treatment Plant. As of the end of state FY2019, no funds were drawn.
Atlanta (CW2018018) On June 19, 2019, Atlanta signed a $12,851,000 assistance agreement. This project includes improving the East Area Water Quality Control Facility. As of the end of state FY2019, no funds were drawn.
Atlanta (CW2018019) On June 19, 2019, Atlanta signed a $25,000,000 assistance agreement. This project includes improving the West Area Water Quality Control Facility. As of the end of state FY2019, no funds were drawn.
Braselton (CW2016030) On July 26, 2018, Braselton signed a $753,000 assistance agreement. This project includes replacing the Vineyards lift station. As of the end of state FY2019, Braselton has drawn $29,745.00.

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Braselton (CW2018013) On January 23, 2019, Braselton signed a $1,926,000 assistance agreement. This project includes replacing the Mulberry North sewerage lift station and installing sewer force main. As of the end of state FY2019, no funds were drawn.
Claxton (CW2016038) On November 9, 2018, Claxton signed a $25,000 increase to the existing $2,500,000 assistance agreement entered on January 2, 2018. This project includes improving the wastewater treatment facility and replacing and rehabilitating pump stations. As of the end of state FY2019, Claxton has drawn $2,066,623.94.
Dallas (CW2018009) On October 5, 2018, Dallas signed a $11,680,000 assistance agreement. On January 23, 2019, Dallas signed a $2,800,000 increase to the existing assistance agreement. This project includes upgrading the Pumpkinvine water pollution control plant to 3 million gallons per day (MGD). As of the end of state FY2019, Dallas has drawn $1,803,938.38.
Eatonton-Putnam Water and Sewer Authority (CW2016032) On October 9, 2018, the Eatonton-Putnam Water and Sewer Authority signed a $1,500,000 increase to the existing $2,500,000 assistance agreement entered on September 6, 2017. This project includes installing clarifiers and rehabilitating existing lift stations, gravity sewers, and force mains. As of the end of state FY2019, the Eatonton-Putnam Water and Sewer Authority has drawn $332,851.25.
Hahira (CW2017015) On September 5, 2018, Hahira signed a $73,000 increase to the existing $737,000 assistance agreement entered on February 14, 2018. This project includes rehabilitating the wastewater treatment plant and installing an influent pump station, wet well, valve vault, and force main. As of the end of state FY2019, Hahira has drawn $523,169.45.
Hiawassee (CW2017020) On October 19, 2018, Hiawassee signed a $800,000 assistance agreement. This project includes expanding the capacity of the wastewater treatment facility from 0.30 MGD to 0.50 MGD and upgrading facility equipment. As of the end of state FY2019, Hiawassee has drawn $100,000.00.
Hinesville (CW15021) On April 5, 2019, Hinesville signed a $40,900 increase to the existing $409,000 assistance agreement entered on February 14, 2018. This project includes extending reuse lines along Pineridge Road and South Main Street. As of the end of state FY2019, Hinesville has drawn $26,800.00.
Madison Downtown Development Authority (CW15012) On November 14, 2018, the Madison Downtown Development Authority signed a $450,000 increase to the existing $1,680,000 assistance agreement entered on October 5, 2016. This project includes installing gravity sewer lines and demolishing a pump station. As of the end of state FY2019, the Madison Downtown Development Authority has drawn $1,101,791.86.
Newton County Water and Sewerage Authority (CW2019003) On April 4, 2019, the Newton County Water and Sewerage Authority signed a $25,000,000 assistance agreement. This project includes constructing a water reclamation facility and access road, converting

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existing force main to gravity sewer main, and installing sewer main. As of the end of state FY2019, no funds were drawn.
Porterdale (CW2018008) On August 15, 2018, Porterdale signed a $2,514,000 assistance agreement. This project includes sewerage system improvements including the replacement and rehabilitation of sewer lines and manholes. As of the end of state FY2019, Porterdale has drawn $282,025.77.
Rockdale County Board of Commissioners (CW2017009) On February 8, 2019, the Rockdale County Board of Commissioners signed a $27,000,000 assistance agreement. This project includes constructing a 3 MGD water pollution control plant. As of the end of state FY2019, the Rockdale County Board of Commissioners has drawn $1,306,593.54.
Royston (CW2016042) On February 2, 2019, Royston signed a $396,000 increase to the existing $2,000,000 assistance agreement entered on November 7, 2017. This project includes rehabilitating the wastewater treatment plant. As of the end of state FY2019, Royston has drawn $1,021,436.75.
Tallapoosa (CW13011) On June 4, 2019, Tallapoosa signed a $320,000 increase to the existing $3,225,000 assistance agreement entered on April 8, 2014. This project includes constructing sewerage system improvements in the city including sewer rehabilitation, replacement of a pump station, extension of sewer service to unserved areas, and rehabilitation of the existing 1 MGD water pollution control plant. As of the end of state FY2019, Tallapoosa has drawn $144,656.37.
Warren County Board of Commissioners (CW2018022) On March 18, 2019, the Warren County Board of Commissioners signed a $513,000 assistance agreement. This project includes abandoning a treatment pond and constructing an interceptor sewer, forcemain, and pump station. As of the end of state FY2019, no funds were drawn.
Meeting IUP Goals and Objectives
The 2018 CWSRF IUP listed four goals for the program.
1. Long Term Program Goal: The CWSRF will continue to use the GEFA conservation initiative with its interest rate reductions to promote energy, land, and water projects.
Status: GEFA executed 14 loans during state FY2019 that addressed green infrastructure, water and energy efficiency, or otherwise environmentally innovative projects; this is more than twice the amount of green projects funded than in previous years (CWSRF TREND analysis). Funding for these green projects totaled $33,880,050 and work ranged from rehabilitating sewer systems to stormwater projects to correcting inflow and infiltration. Each project received either a 1 percent interest rate reduction below GEFA's benchmark rate, or they were given a blended interest rate for the green portions of the project.
2. Long Term Program Goal: GEFA will continue to administer the CWSRF in a fiscally responsible manner that will ensure its revolving nature in perpetuity.
Status: GEFA contracted with Kirkwood Kelly Consulting to create a cash flow model to maximize lending. Cash flow models are essential tools for effective SRF fund management to establish

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sustainable funding levels and to ensure cash balances remain at a reasonable level. The consulting firm is using disbursements data to identify trends across different project types and sizes.
3. Short Term Program Goal: GEFA will draw down and close the 2016 CWSRF grant by June 30, 2019.

Status: GEFA drew down all funds from both the 2016 CWSRF and the 2017 CWSRF grant on June 28, 2018. GEFA drew down all funds from the 2018 CWSRF grant on May 24, 2019. All three grants were closed on May 24, 2019.
4. Short Term Program Goal: GEFA will enhance its affordability criteria to provide principal forgiveness to disadvantaged communities to help complete projects that improve water quality and public health. Additionally, GEFA will assist communities with critical public health needs to comply with state and federal requirements.

Status: GEFA contracted with the Environmental Finance Center at the University of North Carolina, Chapel Hill (EFC) to support the authority's efforts in distributing State Revolving Fund (SRF) principal forgiveness to Georgia's most disadvantaged communities. The EFC advised GEFA on assessing affordability among its SRF applicants from the 2017 solicitation to hone and augment the process for upcoming rounds of solicitation. The EFC performed a sensitivity analysis of several potential affordability criteria to see how they interact. These criteria included:

Median Household Income Percent unemployment Percent not in labor force Percent of all people with income below poverty Percent with Social Security income Percent with Supplemental Security income (SSI) Percent with cash public assistance income Percent with Supplemental Nutrition Assistance Program (SNAP) benefits Population change Population age
A sensitivity analysis determined there was a strong correlation between MHI and the following criteria of percent not in labor force, poverty rate, SSI, SNAP benefits, and cash public assistance. Therefore, the most appropriate affordability criteria was Median Household Income (MHI), percent unemployment, and population change. Four percentiles exist within each criterion. Data from the U.S. Census Bureau's American Community Survey was the resource for MHI, unemployment, and population trend. Each borrower's data is categorized into a percentile for each category with a corresponding score. An excel tool automatically calculated an affordability score. Below are the percentiles:
Median Household Income (MHI)

State Percentiles MHI

25th Percentile

50th Percentile

75th Percentile

$29,509

$37,108

$47,375

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Unemployment Rate

State Percentiles Unemployment Rate

25th Percentile

50th Percentile

75th Percentile

3.30%

4.80%

6.60%

Program Administration (4 Percent)
GEFA used repayment dollars and program income for administrative purposes. Attachment 5 shows expenditures associated with program administration broken down by object category.

CWSRF Non-Program Income
In state FY2019, GEFA spent $1,023.83 in CWSRF Non-Program Income to support the state's water quality monitoring, testing, and standards development. Attachment 5 shows how non-program income was allocated.
DBE Participation
Within GEFA's agreement, recipients are required to encourage participation of small minority- and womenowned businesses in all project subcontracts. The state's CWSRF percentage goals through September 30, 2018, are 4 percent for Minority Business Enterprises (MBE) and 4 percent for Women Business Enterprises (WBE). A summary of DBE utilization is in Attachment 6. The data provided in Attachment 6 is for the reporting period of October 1, 2017, through September 30, 2018, representing the most recent full fiscal year of data.
GEFA has made a tremendous effort to comply with the EPA's Six Good Faith Efforts. Telephone calls and emails are regularly made to DBE subcontractors to encourage their participation in both the CWSRF and DWSRF projects. DBEs are alerted to GEFA-approved projects as soon as they appear in the database, allowing subcontractors to inquire and prepare for these projects prior to the bid date. Subcontractors are additionally urged to pursue EPA/Georgia Department of Transportation (GDOT)/Small Business Administration (SBA) certification. GEFA staff are available to answer questions and assist subcontractors in the application process. GEFA also maintains an in-house bidder's list of certified DBE prime contractors and subcontractors. The data for the bidder's list is collected and forwarded to loan recipients with compliance approval. The bidder's list also serves as a database of MBEs and WBEs and non-MBE/WBE prime contractors and subcontractors.
In considering whether firms could subcontract with DBEs, GEFA encourages prime contractors to follow the Six Good Faith Efforts to solicit the services of MBEs and WBEs. Project approval is withheld if DBE documentation is insufficient. Prime contractors are also provided with an example of an EPA-approved newspaper advertisement and an example of a solicitation letter to help eliminate generic newspaper advertisements and poorly-written letters. GDOT, city of Atlanta, SBA, and MARTA are resources for prime contractors for identifying DBE-certified subcontractors. In addition, an EPA bidder's list is available upon request from GEFA. Guidance is provided in all related construction contracts to encourage prime contractors to divide work when feasible.
CWSRF Loan Disbursements
The CWSRF disbursed funds to 63 active projects during state FY2019. Attachment 7 shows the projects that received funds by quarter in state FY2019. The CWSRF disbursed a total of $68,419,776.11 in state FY2019. Attachment 8 compares the projected disbursement schedules indicated within the 2017 and 2018 IUPs for state

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FY2019 against the actual disbursements made in state FY2019. The CWSRF disbursed 174 percent of projected disbursements in state FY2019.
CWSRF State Match
Under the provisions of the FWPCA Section 602(b)(2), the state is required to deposit an amount equal to 20 percent of the total capitalization grant into the CWSRF. The 2018 capitalization award was $27,138,000 and the required state match was $5,427,600. GEFA will draw down federal dollars exclusively while applying $5,427,600 of state match. EPA approved an overmatch credit of $22,540,451 on June 4, 2018. Therefore, Attachment 1 shows a state match of zero due to the overmatch being reported in the year it was deposited.
CWSRF Loan Repayment
Ten CWSRF projects closed during state FY2019 (Attachment 9). The total dollar value awarded to these projects equaled $64,006,183.00 of which $63,718,686.17, or 99.55 percent, was disbursed. The total amount of repayments credited to the CWSRF during state FY2019 from all sources was $75,924,327.72 and can be found within Attachment 1 (total of federal and state-match repayments). These sources of repayment include principal and interest payments and any late fees or loan continuation fees paid. To maintain the revolving nature of the CWSRF, all repayments including the principal, interest, and fees are credited to the CWSRF. Attachment 1 also shows that $1,653,067.25 in closing fees were collected during the state fiscal year.
Water Resources Reform and Development Act (WRRDA) Implementation
One provision enacted into law by WRRDA is the competitive procurement of architectural and engineering (A&E) services for projects receiving CWSRF assistance. GEFA used city of Atlanta CW2018018 and CW2018019 totaling $37,851,000, to meet the equivalency requirement. The A&E services for both projects were completed in-house and did not require competitive procurement. The total amount of these two loans is $37,851,000 exceeded the $27,138,000 CWSRF Capitalization Grant.
Assurances and Specific Proposals
The CWSRF will adhere to all the certifications covered in the Clean Water Act as well as those within Georgia's Operating Agreement with the Regional EPA office. The specific certifications are:
1. Capitalization Grant Agreement 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 Clean Water Act 7. Cross Cutting Issues 8. State Law and Procedures 9. State Accounting and Auditing Procedures 10. Recipient Accounting and Auditing Procedures 11. Annual Report 12. Limitations on Eligibility 13. Environmental Review Process 14. Maintain the Fund

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15. Perpetuity 16. Types of Assistance 17. Priority List 18. Limitation of Double Benefits 19. Consistency with Planning Requirements 20. Annual Audit 21. Intended Use Plan 22. Annual Federal Oversight Review and Technical Assistance 23. Dispute Resolution 24. Reserve the Right to Transfer up to 30 Percent of Grant Amount Between Programs 25. NIMS 26. Clean Water Benefits Reporting System
A copy of GEFA's FY2019 unaudited financial data is provided under separate cover.

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Attachment 1

Sources and Uses of Funds by Quarter

Clean Water State Revolving Fund

FY 2019

July 1, 2018 - June 30, 2019

Quarter 1 7/2018 - 9/2018

Quarter 2 10/2018 - 12/2018

Quarter 3 1/2019 - 3/2019

Quarter 4 4/2019 - 6/2019

Total

Sources

Direct Capitalization Grant Funds (Accrual Basis)

7,043,843.49

6,682,031.37

8,209,950.39

5,202,174.75 $ 27,138,000.00

State Match Funds (Accrual Basis)

-

-

-

- $

-

Repayments Collected (Cash Basis)

-

-

-

- $

-

CWSRF Federal & State Principal Repayments

13,322,868.11

14,684,370.09

15,424,105.65

13,918,907.40 $ 57,350,251.25

CWSRF Federal & State Interest Repayments

4,675,750.36

4,667,423.69

4,624,605.85

4,606,296.57 $ 18,574,076.47

Fees Collected (Cash Basis)

-

-

-

- $

-

Closing fee payments (program)

611,860.80

241,299.00

209,951.66

589,955.79 $ 1,653,067.25

Closing fee payments (non-program)

-

-

-

- $

-

Investment Earnings (Short & Long-term)

-

-

-

- $

-

CWSRF Federal Repayment Fund

2,152,356.25

2,474,616.11

2,701,316.31

2,739,035.99 $ 10,067,324.66

CWSRF State-Match Repayment Fund

694,300.94

804,947.97

872,201.53

876,369.86 $ 3,247,820.30

Closing fee payments (program)

123,985.88

121,876.55

119,660.27

120,950.26 $

486,472.96

Closing fee payments (non-program)

10,287.28

11,864.17

12,633.01

12,804.65 $

47,589.11

Total Sources $ 28,635,253.11 $

29,688,428.95 $ 32,174,424.67 $ 28,066,495.27 $ 118,564,602.00

Uses

CWSRF Disbursements - Cap grant

7,043,843.49

6,682,031.37

8,209,950.39

5,202,174.75 $ 27,138,000.00

CWSRF Disbursements - State Match - Overmatch Used

-

-

-

- $

-

CWSRF Disbursements - Repayments

17,046,878.25

7,877,708.05

6,265,578.30

10,091,611.51 $ 41,281,776.11

CWSRF Administration (4%)

-

-

-

- $

-

CWSRF Administration (Repayments)

175,611.19

201,647.38

233,130.42

357,991.55 $

968,380.54

CWSRF Program Income

585.69

4,841,915.99

25,127.36

34,869.27 $ 4,902,498.31

CWSRF Non-Program Income

252.99

257.79

254.33

258.71 $

1,023.82

CWSRF Fund - Administration

183,578.54

329,759.54

334,485.43

448,409.11 $ 1,296,232.62

Total Uses $ 24,450,750.15 $

19,933,320.12 $ 15,068,526.23 $ 16,135,314.90 $ 75,587,911.40

Attachment 2

CWSRF Repayment Accounts

Clean Water State Revolving Fund

FY 2019

July 1, 2018 - June 30, 2019

Account

Balance*

Investment Earnings Expected Uses of Funds

CWSRF Federal Repayment Fund

433,829,027.83

10,067,324.66 Project Funding

CWSRF State-Match Repayment Fund

138,616,903.05

3,247,820.30 Project Funding

CWSRF Closing Fee (Program Income)

20,016,228.04

486,472.96 Project Funding

CWSRF Closing Fee (Non-program Income)

2,079,606.30

47,589.11 Water Quality Related Activities

Total $ 594,541,765.22 $

13,849,207.03

State FY 2019 CWSRF Annual Report

11

Community Adairsville, City of* Atlanta, City of Atlanta, City of Bainbridge, City of Blairsville, City of Braselton, Town of Braselton, Town of Bulloch County Development Authority/Statesboro, City of Byron, City of Cedartown, City of Claxton, City of* Colquitt, City of Dallas, City of Dallas, City of* Douglas, City of Eatonton-Putnam Water Sewer Authority* Hahira, City of* Hawkinsville, City of Hiawassee, City of Hinesville, City of* Kingsland, City of Lafayette, City of Lyerly, Town of Madison Downton Development Authority* Millen, City of Mitchell County Board of Commissioners Newton County Water and Sewerage Authority Pinehurst, City of Pinehurst, City of* Porterdale, City of Rockdale County Royston, City of* Sandersville, City of Tallapoosa, City of* Thomaston, City of Trion, City of Trion, City of* Unified Government of Georgetown Quitman County WSA Waco, City of Warren County Board of Commissioners

Project Number CW2016018 CW2018018 CW2018019 CW2017029 CW2017018 CW2016030 CW2018013

Population Served by
Project 7500
30,153 77,615 15,000
8,060 730
5,650

CW2019010 CW2016048 CW2018007 CW2016038 CW2017030 CW2018009 CW2018009 CW2016036

76,149 4,400 9,750 2,230 400
12,805 12,805 12,000

CW2016032 CW2017015 CW2016034 CW2017020
CW15021 CW2016047 CW2018012 CW2018020

10,000 1,305 5,471 1,500 5,500
17,000 2,000 550

CW15012 CW2017027

3,979 1,650

CW2017021

1,900

CW2019003 CW2017017 CW2017017 CW2018008 CW2017009 CW2016042 CW2018014
CW13011 CW2016044 CW2017012 CW2017012

64,454 455 455 640
65,400 2,582 3,000 3,170 200 2,200 2,200

CW2017028 CW2017033

2,513 516

CW2018022

5

Zip Code 30103 30303 30303 39818 30514 30517 30517
30459 31008 30125 30417 39837 30132 30132 31533
31024 31632 31036 30546 31313 31548 30728 30730
30650 30442
31730
30016 31070 31070 30014 30012 30662 31082 30176 30286 30753 30753
39854 30182
30828

*Indicates increases to exisitng loans.

Attachment 3 Communities Receiving CWSRF Financial Assistance
Clean Water State Revolving Fund FY 2019
July 1, 2018 - June 30, 2019

Project Type
Advanced Treatment Advanced Treatment Advanced Treatment Sewer System Rehabilitation Secondary Treatment Sewer System Rehabilitation New Collector Sewers

Total Assistance Agreement
2,313,000.00 12,851,000.00 25,000,000.00
1,055,000.00 800,000.00 753,000.00
1,926,000.00

Loan Amount 2,313,000.00 12,851,000.00 25,000,000.00
844,000.00 640,000.00 753,000.00 1,926,000.00

Principal Forgiveness
Amount

Green Project Reserve Amount

211,000.00 160,000.00

1,055,000.00

Binding Commitment
Date 6/27/2019 6/19/2019 6/19/2019 12/17/2018 1/14/2019 7/26/2018 1/23/2019

Stormwater-Green Infrastructure Sewer System Rehabilitation Advanced Treatment Advanced Treatment Infiltration/Inflow Advanced Treatment Advanced Treatment Infiltration/Inflow

15,559,000.00 2,500,000.00 3,000,000.00 25,000.00 540,000.00
11,680,000.00 2,800,000.00 2,000,000.00

15,559,000.00 2,000,000.00 3,000,000.00 25,000.00 432,000.00
11,680,000.00 2,800,000.00 1,500,000.00

500,000.00 108,000.00 500,000.00

15,559,000.00 2,500,000.00 3,000,000.00 540,000.00
2,000,000.00

6/6/2019 1/3/2019 10/5/2018 11/9/2018 11/14/2018 10/5/2018 1/23/2019 1/3/2019

Advanced Treatment Secondary Treatment Secondary Treatment Advanced Treatment
Water Reuse Secondary Treatment New Collector Sewers Secondary Treatment

1,500,000.00 73,000.00
2,500,000.00 800,000.00 40,900.00
2,000,000.00 1,250,000.00
130,000.00

1,500,000.00 73,000.00
2,000,000.00 800,000.00 40,900.00
1,500,000.00 1,250,000.00
130,000.00

500,000.00 500,000.00

741,000.00
2,000,000.00 1,250,000.00
37,711.00

10/9/2018 9/5/2018 10/22/2018 10/19/2018 4/5/2019 11/19/2018 10/5/2018 12/17/2018

CSO Correction Sewer System Rehabilitation

450,000.00 456,000.00

450,000.00 364,000.00

92,000.00

11/14/2018 9/20/2018

Secondary Treatment

1,750,000.00

1,400,000.00

350,000.00

7/12/2018

Advanced Treatment Sewer System Rehabilitation Sewer System Rehabilitation Sewer System Rehabilitation
Advanced Treatment Advanced Treatment Advanced Treatment Sewer System Rehabilitation Advanced Treatment Advanced Treatment Advanced Treatment

25,000,000.00 85,000.00 60,000.00
2,514,000.00 27,000,000.00
396,000.00 6,414,000.00
320,000.00 2,000,000.00 4,300,000.00 1,200,000.00

25,000,000.00 85,000.00 60,000.00
2,514,000.00 27,000,000.00
396,000.00 6,414,000.00
320,000.00 1,500,000.00 3,800,000.00 1,200,000.00

500,000.00 500,000.00

62,240.00
3,060,099.00 2,000,000.00
75,000.00

4/4/2019 10/3/2018 6/6/2019 8/15/2018 2/8/2019 2/2/2019 11/1/2018 6/4/2019 11/19/2018 7/27/2018 3/29/2019

Sewer System Rehabilitation Secondary Treatment

319,000.00 198,000.00

255,200.00 158,400.00

63,800.00 39,600.00

11/1/2018 2/14/2019

New Collector Sewers

513,000.00

513,000.00

$ 164,070,900.00 $ 160,046,500.00 $ 4,024,400.00 $ 33,880,050.00

3/18/2019

j Loan Closeout Date 4/1/2020 7/1/2021 12/1/2021 9/1/2019 4/1/2020 12/1/2020 8/1/2020

Loan Interest
Rate 2.70% 2.25% 1.25% 1.25% 1.06% 0.50% 1.25%

1/1/2022 1/1/2020 12/1/2019 6/1/2019 12/1/2019 12/1/2019 5/1/2020 6/1/2019

2.25% 1.25% 1.25% 1.22% 1.25% 1.25% 1.25% 0.67%

3/1/2020 5/1/2019 12/1/2019 8/1/2019 9/1/2019 6/1/2020 9/1/2019 5/1/2019

1.79% 1.65% 1.95% 1.63% 0.50% 0.62% 1.25% 1.56%

1/1/2020 7/1/2019

1.00% 1.63%

6/1/2019

2.25%

1/1/2022 6/1/2019 10/1/2019 1/1/2020 8/1/2020 8/1/2019 10/1/2019 1/1/2020 1/1/2020 7/1/2019 8/1/2020

1.93% 0.65% 0.65% 1.25% 1.89% 1.55% 0.62% 1.40% 1.25% 1.87% 1.87%

12/1/2019 3/1/2020

2.25% 2.25%

9/1/2019

2.25%

State FY 2019 CWSRF Annual Report

12

Attachment 4 Binding Commitments by Category, Population, and Dollar Value
Clean Water State Revolving Fund FY 2019
July 1, 2018 - June 30, 2019

Project Type

Number of

Dollar

Assistance by

Number of

Dollar Value ($)

Projects*

Value ($)

Population Size New Assistance

Agreements

Secondary Treatment (I)

7

6,287,500 Less than 3,500:

15

24,489,127

Advanced Treatment (II)

10

100,938,000 3,500 to 9,999:

5

13,002,662

Infiltration/Inflow (IIIA)

2

1,270,000 10,000 to 99,999:

9

126,000,227

Sewer System Rehab (IIIB) New Collecter Sewers (IVA)

15

21,209,500 100,000 & above:

4

13,689,000

Total

0 29 $

374,535 163,866,551.00

New Interceptors (IVB)

CSO Correction (V)

Storm Sewers - Gray Infrastrucuture (VI)

1

7,779,500

Storm Sewers - Green Infrastructure (VI)

1

7,779,500

Recycled Water Distribution (X)

Energy Efficiency

Renewable Energy

Water Efficiency

Water Reuse

Agricultural Cropland (VII-A)

Agricultural Animals (VII-B)

Silviculture (VII-C)

Urban, Excluding Decentralized Systems (VII-D)

Groundwater, Unknown Source (VII-E)

Marinas (VII-F)

Resource Extraction (VII-G)

Brownfields (VII-H)

Storage Tank (VII-I)

Sanitary Landfills (VII-J)

Hydromodification (VII-K)

Individual/Decentralized Systems (VII-L)

Land Conservation

Total

40 $ 158,953,000.00

*Assistance Agreements may be counted in more than one category when they fund more than one category.

State FY 2019 CWSRF Annual Report

13

Attachment 5 Administrative Expenses by Category
Clean Water State Revolving Fund FY 2019
July 1, 2018 - June 30, 2019

4% - GEFA

Object Category

Personnel

-

Fringe Benefits

-

Travel

-

Contractual

-

Operating Expenses

-

Indirect Costs

-

Shared Services

-

Total $

-

4% - EPD

-

-

-

-

-

-

-

$

-

Program Income

-

-

-

-

$

-

Non-Program Income

-

-

1,023.83

-

$

1,023.83 $

CWSRF Fund 151,180.12 69,457.70 15,549.71 278,328.32 79,565.81 165,478.37 208,820.51
968,380.54

Total Expenditures $ 151,180.12 $ 69,457.70 $ 15,549.71 $ 278,328.32 $ 80,589.64 $ 165,478.37 $ 208,820.51
$ 969,404.37

State FY 2019 CWSRF Annual Report

14

Attachment 6 DBE Utilization Clean Water State Revolving Fund October 1, 2017 - September 30, 2018**

Annual Dates

Summaries

MBE ($)

WBE ($)

(October 1, 2017 - September 30, 2018)

3,436,836.89 2,979,670.90 $

Total Precentage Goal Percentage Actual*
*DBE information is provided on an annual basis to EPA

$

3,436,836.89 $ 2,979,670.90 $

4.00%

4.00%

2.87%

2.49%

**Percentage Actual is calculated by dividing the DBE funds disbursed by the total CWSRF funds disbursed in the same period

Total ($)
6,416,507.79 6,416,507.79 8.00% 5.36%

State FY 2019 CWSRF Annual Report

15

Community Albany, City of Bainbridge, City of Bartow County Blackshear, City of Blue Ridge, City of Braselton, Town of Butler, City of Byron, City of Cedartown, City of Chatsworth Water Works Commission Claxton, City of Clayton County Water Authority Clayton, City of Cochran, City of Colquitt, City of Cook County Board of Commissioners Cornelia, City of Dallas, City of Davisboro, City of Dexter, Town of Douglas, City of Dudley, City of Eatonton-Putnam Water Sewer Authority Gray, City of Griffin, City of Griffin, City of Grovetown, City of Hahira, City of Hawkinsville, City of Hiawassee, City of Hinesville, City of Hinesville, City of Hoschton, City of Jesup, City of Jones County Kingsland, City of Lafayette, City of Lee County Utilities Authority Lowndes County Lyons, City of Madison Downtown Development Authority Madison, City of Maysville, City of Millen, City of Mitchell County Board of Commissioners Moultrie, City of Peachtree City, City of Pinehurst, City of Pooler, City of
State FY 2019 CWSRF Annual Report

Attachment 7 Disbursements of CWSRF Funds by Quarter
Clean Water State Revolving Fund FY 2019
July 1, 2018 - June 30, 2019

Project Number
CW2016015 CW2017029 CW2016046 CW2016027 CW2016012 CW2016030 CW16008 CW2016048 CW2018007 CW2016010 CW2016038 CW2016037 CW14007 CW15009 CW2017030 CW2017010 CW2017024 CW2018009 CW2016021 CW2016041 CW2016036 CW13008 CW2016032 CW2016039 CW2017002 CW2018002 CW15015 CW2017015 CW2016034 CW2017020 CW15021 CW16004 CW2016024 CW2016029 CW2016019 CW2016047 CW2018012 CW2016023 CW2017001 CW16005 CW15012 CW13007 CW15019 CW2017027 CW2017021 CW11002 CW2017013 CW2017017 CW15020

Quarter 1 7/2018 - 9/2018
1,885.34

Quarter 2 10/2018 - 12/2018

1,719,859.54 23,970.00 54,162.50

452,969.06 41,970.00 13,453.60

124,866.25

119,696.09 469,273.44 891,964.21 218,822.23
45,535.00
559,006.55

56,505.30 1,358,924.32 1,587,892.07
220,478.77
243,682.23 151,263.75

595,590.33
3,309,827.96
4,227,002.15 420,633.85
18,450.00 1,036,890.86
188,071.20 337,088.20
5,500.00

6,194.55
52,423.83
57,763.85 2,066,826.88
298,718.75 1,811,221.77
81,332.62 19,835.00
8,350.00 397,673.59
99,542.80
243,087.16

311,580.48 1,113,395.22
199,096.25 440,217.72
73,681.52 3,138,550.00
29,377.50

219,607.10 144,529.89
55,434.25 155,317.03
28,000.00 139,050.52

Quarter 3 1/2019 - 3/2019
605,478.50
276,181.24
238,479.19 29,745.00
26,460.00 176,427.77 1,473,741.62 120,921.53
14,395.00 83,362.41 204,051.08 185,262.75 501,664.00 197,046.35 19,515.55 113,400.00 43,425.00 332,851.25
1,824,382.49 1,525,784.70 1,043,792.98
21,202.98 32,270.00 100,000.00
13,473.00 843,621.00 83,149.46
26,575.95 192,928.83
51,532.80 103,735.90
277,189.29
38,499.93
594,143.64 305,000.00

Quarter 4 4/2019 - 6/2019
3,163,407.36 16,230.00
145,126.48
131,488.40 142,234.65
61,998.41 1,052,687.47
231,878.51 67,569.26 383,159.58
404,206.20 1,302,274.38
64,278.14
589,529.23 1,150,544.93 1,157,440.03
50,677.37 70,602.25 206,203.52
824,602.57 67,972.83
409,203.00 306,840.33
10,550.50

16

Total 3,770,771.20
16,230.00 2,449,009.84
65,940.00 451,221.77
29,745.00 124,866.25 131,488.40 142,234.65 202,661.39 2,066,623.94 5,006,285.37 339,743.76 512,287.28 150,931.67 1,389,899.44 740,732.70 1,803,938.38 261,324.49
25,710.10 113,400.00 691,439.16 332,851.25
57,763.85 7,790,566.56 2,975,048.38 8,239,456.93
523,169.45 52,105.00
100,000.00 26,800.00
1,434,564.45 301,087.00
1,180,709.20 382,413.99 97,178.20 399,132.35 363,113.28 323,343.00
1,257,925.11 1,101,791.86
254,530.50 702,007.51 437,203.00 1,113,716.01 305,000.00 3,138,550.00
10,550.50 29,377.50

Community
Porterdale, City of Rockdale County Royston, City of Sandersville, City of Savannah, City of Tallapoosa, City of Thomaston, City of Thomaston, City of Thomasville, City of Trion, City of Unified Government of Georgetown Quitman County WSA Whitfield County Woodbury, City of Wrightsville, City of

Project Number
CW2018008 CW2017009 CW2016042 CW2018014 CW14009 CW13011 CW2016044 CW2017006 CW2016040 CW2017012 CW2017028 CW2017007 CW2016031 CW14021 Total Disbursements

Quarter 1 7/2018 - 9/2018

Quarter 2 10/2018 - 12/2018
239,657.53

123,451.44

3,855,935.00 4,179.30

2,225,267.44

4,987.50

1,233,599.95

551,625.55 $24,090,721.74

32,623.75 693,090.62
$14,559,739.42

Quarter 3 1/2019 - 3/2019
12,006.80
302,095.23
1,644,110.00
247,340.49 253,925.00
2,630.00
145,426.38 148,303.60 $14,475,528.69

Quarter 4 4/2019 - 6/2019
30,361.44 1,306,593.54
595,890.08 8,708.27
237,685.00 140,477.07 349,477.74
15,885.00
231,726.06 3,945.00
205,662.40 156,669.26 15,293,786.26

Total 282,025.77
1,306,593.54 1,021,436.75
8,708.27 7,962,997.44
144,656.37 349,477.74
15,885.00 1,485,927.94
485,651.06 6,575.00
32,623.75 1,595,804.95
304,972.86 68,419,776.11

State FY 2019 CWSRF Annual Report

17

Attachment 8 Comparison of Projected Versus Actual Disbursements
Clean Water State Revolving Fund FY 2019
July 1, 2018 - June 30, 2019

Projected Disbursements

Quarter 1

Quarter 2

Quarter 3

Quarter 4

7/2018 - 9/2018 10/2018 - 12/2018 1/2019 - 3/2019 4/2019 - 6/2019

Total

Projected FY 2019 CW Disbursements from 2017 IUP Projected FY 2019 CW Disbursements from 2018 IUP

4,300,000.00 1,800,000.00

4,375,000.00 10,500,000.00

4,110,000.00 9,120,000.00

0.00

$ 12,785,000.00

5,132,000.00 $ 26,552,000.00

Total Projected Disbursements for FY 2019 $ 6,100,000.00 $ 14,875,000.00 $ 13,230,000.00 $ 5,132,000.00 $ 39,337,000.00

Actual FY 2019 CWSRF Disbursements

$ 24,090,721.74 $ 14,559,739.42 $ 14,475,528.69 $ 15,293,786.26 $ 68,419,776.11

Percent Disbursed of Projected

395%

98%

109%

298%

174%

State FY 2019 CWSRF Annual Report

18

Community Bartow County Butler, City of Claxton, City of Dudley, City of Hahira, City of Madison, City of Moultrie, City of The Nature Conservancy Peachtree City, City of Pooler, City of

Attachment 9 Projects Closed Clean Water State Revolving Fund
FY 2019 July 1, 2018 - June 30, 2019

CWSRF Assistance Assistance Amount

Project Number

Amount

Used

CW2016046

4,600,000.00

4,600,000.00

CW16008

2,010,000.00

2,009,901.25

CW2016038

2,525,000.00

2,481,697.01

CW13008

2,000,000.00

1,945,629.02

CW2017015

810,000.00

810,000.00

CW13007

1,630,000.00

1,593,662.44

CW11002

6,100,000.00

6,100,000.00

CW2018005

35,000,000.00

35,000,000.00

CW2017013 CW15020

3,155,000.00 6,176,183.00

3,155,000.00 6,022,796.45

Total $

64,006,183.00 $ 63,718,686.17

Percentage Used
100.00% 99.99% 98.29% 97.28% 100.00% 97.77% 100.00% 100.00% 100.00% 97.52%
99.55%

Loan Execution Date 10/11/2017 7/1/2016 1/2/2018 9/8/2014 2/14/2018 7/21/2014 8/28/2012 6/21/2018 9/19/2017 6/21/2016

Final Close Date
3/1/2019 8/1/2018 6/1/2019 3/1/2019 4/1/2019 12/1/2018 2/1/2019 7/1/2018 10/1/2018 8/1/2018

Loan Interest
Rate 1.89% 2.72% 1.22% 1.31% 1.65% 1.40% 2.13% 0.50% 0.81% 1.09%

State FY 2019 CWSRF Annual Report

19