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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 1999-2000.

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

 

$54,850

 

 

 

Total

 

$54,850

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

Unless otherwise indicated, all objectives are to be accomplished during or by the end of FY 1999-2000. Performance indicators are made up of two parts: name and value. The indicator name describes what is being measured. The indicator value is the numeric value or level achieved within a given measurement period. For budgeting purposes, performance indicator values are shown for the prior fiscal year, the current fiscal year, and alternative funding scenarios (continuation budget level and Executive Budget recommendation level) for the ensuing fiscal year (the fiscal year of the budget document).

 

RESOURCE ALLOCATION FOR THE PROGRAM

SOURCE OF FUNDING

The source of funding for this program is with Statutory Dedications and Federal Funds. The Statutory Dedications are from the Municipal Facilities Revolving Loan Fund (MFRLF) (R.S. 30:2078) and the Drinking Water Revolving Loan Fund (DWRLF) (R.S. 40:2821-2826). (Per R.S. 39:32B.(8), see table below for a listing of expenditures out of each Statutory Dedicated fund.) The MFRLF consists of federal funds and state match via general obligations bonds and general fund which will be used to make direct loans to local governments to finance sewer system improvements to clean up water in the state. The DWRLF consists of federal funds and state match via general fund which will be used to make direct loans to community water systems and non-profit non-community water systems, which are included on the state project list, to finance improvements to the water systems.

ANALYSIS OF RECOMMENDATION

GENERAL FUND

TOTAL

T.O.

DESCRIPTION

 

 

 

 

 

$0

$46,385,547

21

 

ACT 44 FISCAL YEAR 1998-1999

 

 

 

 

 

 

 

 

 

BA-7 TRANSACTIONS:

$0

$15,000,000

0

 

BA-7 approved November 20, 1998 for the Safe Drinking Water Loan Fund to begin issuing loans to the municipalities for the cleanup of their wastewater treatment plants

 

 

 

 

 

$0

$61,385,547

21

 

EXISTING OPERATING BUDGET November 20, 1998

 

 

 

 

 

$0

$14,582

0

 

Annualization of FY 1998-1999 Classified State Employees Merit Increase

$0

$21,545

0

 

Classified State Employees Merit Increases for FY 1999-2000

$0

($1,972)

0

 

Risk Management Adjustment

$0

($22,300)

0

 

Nonrecurring Acquisitions and Major Repairs

$0

($12,907)

0

 

Salary Base Adjustment

$0

$444

0

 

Other Adjustments - For Civil Service, Training and Other Statewide Interagency Transfer Activities

$0

$7,874

0

 

Other Adjustments Funding Adjustment for Incumbent Adjustments and Automatic Upgrades

 

 

 

 

 

$0

$61,392,813

21

 

TOTAL RECOMMENDED

 

 

 

 

 

$0

$7,266

0

 

DIFFERENCE (TOTAL RECOMMENDED AND EXISTING OPERATING BUDGET)

The total means of financing for this program is recommended at 100.01% of the existing operating budget. It represents 88.0% of the total request ($70,156,708) for this program. The 1% increase is due to the classified state employees merit increases for FY 1999-2000. This program does not have any positions which 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

$45,000,000

 

Municipal Facilities Revolving Loan to provide financial assistance for construction of waste water treatment facilities

$15,000,000

 

Drinking Water Revolving Loan to provide financial assistance for construction of waste water treatment facilities

$2,687

 

Legislative Auditor

 

 

 

$60,002,687

 

TOTAL OTHER CHARGES

 

 

 

 

Interagency-Transfers

$444

 

Civil Service Fees

$444

 

TOTAL INTERAGENCY TRANSFERS

 

ACQUISITIONS AND MAJOR REPAIRS

$2,000

 

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

 

 

 

$2,000

 

TOTAL ACQUISITIONS AND MAJOR REPAIRS


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