21-860 Municipal Facilities Revolving Loan Fund

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21-860 Municipal Facilities Revolving Loan Fund

The Municipal Facilities Revolving Loan Fund has only one program, the Municipal Facilities Revolving Loan Fund. Therefore the mission and goal of the Municipal Facilities Revolving Loan Fund are the same as those listed for the program in the program description that follows.

The Municipal Facilities Revolving Loan Fund is administered by the Department of Environmental Quality to assist individual citizens and local governments finance and construct wastewater treatment works and to provide high quality emergency response services in the event of a hazardous materials incident.

BUDGET SUMMARY

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long term debt for Fiscal Year 1998-1999.

This agency's recommended appropriation also includes the following amount by means of financing for payments on the unfunded accrued liability of the Louisiana State Employees' Retirement System in accordance with the provision of Article X, Section 29 of the Constitution of Louisiana:

State General Fund by:
Statutory Dedication		$52,917

Total		$52,917

Program Authorization: R.S. 30:2078

PROGRAM DESCRIPTION

The Municipal Facilities Revolving Loan Fund helps individual citizens and local governments participate in environmental programs by assisting municipalities finance and construct wastewater treatment works. The fund assists recipients of EPA and construction grants in providing project inspection, construction management, and overall program management services, required for the completion of the EPA program, as outlined in the management grant. Regional meetings are held in the state's eight planning districts with one-on-one follow up meetings to make municipalities more aware of the program benefits and requirements.

OBJECTIVES AND PERFORMANCE INDICATORS

1. In FY 1998-99, the Municipal Facilities Revolving Loan Fund will ensure that at least 82% (U.S. average) of funds available for financial assistance in the waste water programs are used by qualified applicants requesting assistance for eligible activities.

RESOURCE ALLOCATION FOR THE PROGRAM

SOURCE OF FUNDING

The source of funding for this program is statutory dedications - State Revolving Loan Fund - which consists of federal funds and state match via general obligation bonds which will be used to make direct loans to local governments to finance sewer system improvements to clean up surface water in the state.

ANALYSIS OF RECOMMENDATION

GENERAL FUND	TOTAL	T.O.	DESCRIPTION

$0	$46,283,288	21	ACT 1430 FISCAL YEAR 1997-1998

			BA-7 TRANSACTIONS:
$0	$0	0	None

$0	$46,283,288	21	EXISTING OPERATING BUDGET - December 10, 1997

$0	$19,300	0	Equipment/Major Repairs Adjustment(s) (Non-recurring: -$5,000; Replacement/New: +$24,300)
$0	$24,861	0	Annualization of 1997-'98 Merit Pay Adjustment(s)
$0	$18,836	0	1998-'99 Merit Pay Adjustment(s)
$0	$2,687	0	Adjustment(s) for Civil Service, Training and Other Statewide Interagency Transfer Activities
$0	$26,624	0	Funding provided for Incumbent Adjustments and Automatic Upgrades
$0	$9,951	0	Risk Management Adjustment(s)
$0	$0	0	Means of Finance Substitution(s) - Replace Statutory Dedications and Federal Funds with Interagency Transfers due to the Department of Environmental Quality and Department of Health and Hospitals sharing the responsibility for monitoring the Safe Drinking Water Program

$0	$46,385,547	21	TOTAL RECOMMENDED

$0	$102,259	0	DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 100.2% of the existing operating budget. It represents 64.4% of the total request ($71,995,393) for this program. The increase is primarily due to providing funding for incumbent adjustments and automatic upgrades. This program does not have any positions that have been vacant for 1 year or more.

PROFESSIONAL SERVICES

$62,500		Contract for Attorneys to give legal advice for the State Revolving Fund (SRF) Loan Program for bond negotiations, required independent financial audits for the sale of bonds, financial advisor to SRF Loan program for the sale of bonds and required recordings for federally mandated public hearings.
$1,000		Contract for Court Reporting to record depositions during the process of discovery during an appeal and testimony from witnesses during hearings
$50,000		Contract for an Independent State Revolving Fund Program Audit - required independent financial audits for the sale of bonds
$39,826		Contract for State Revolving Fund Leveraging and Financing Recommendations - financial advisor to the State Revolving Fund Loan Program for the sale of bonds

$153,326		TOTAL PROFESSIONAL SERVICES

OTHER CHARGES

$2,687		Department of Civil Service for personnel services
$45,000,000		Municipal Facilities Revolving Loan to provide financial assistance for construction of waste water treatment facilities

$45,002,687		TOTAL OTHER CHARGES

ACQUISITIONS AND MAJOR REPAIRS

$24,300		Replacement of one (1) vehicle, library reference materials, and office equipment (executive chairs, bookcases), etc.

$24,300		TOTAL ACQUISITIONS AND MAJOR REPAIRS

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