STATE WATER RESOURCES CONTROL BOARD RECYCLED WATER FUNDING FOR - - PowerPoint PPT Presentation
STATE WATER RESOURCES CONTROL BOARD RECYCLED WATER FUNDING FOR FISCAL YEAR 2019/20 October 18, 2018 Presented by: Michael Downey Division of Financial Assistance (DF A) Overview Funding Programs WRFP Funding S ources Prop 1
Presented by: Michael Downey Division of Financial Assistance (DF A)
October 18, 2018
RF
RF Policy Updates
coring S yst em
Clean Water State Revolving Fund Planning/Design Application Water/Energy Audit Application Wastewater Construction Application Water Recycling Funding Program Planning Grant Application Pilot Project Grant Application
Initial Allowance:
Current Balance:
committed
committed this fiscal year (FY 18/19)
will be committed in FY 19/20
Expected Allowance:
2019/20 earliest could be available)
2018 Ballot Measure
If approved would provide $400 million for Water Recycling
(FY 2019/20 earliest could be available)
are categorically eligible)
projects
RF and complement ary financing
2015
years
RF has great ly increased
1
wide range of borrower credit s
RF and DWS RF Policies
will be eligible for financing
mall S DAC, S mall DAC, and Public Health Proj ects automatically Fundable; not subj ect to scoring
be ranked by “ Priority S core”
complete & incomplete
125%
funding level ~ $ 1.0 billion/ year
Fundable applications by end of fiscal year
funded
DFA completes scoring worksheet for each Project Applicants review worksheets Scores compiled and analyzed Draft IUP; management approval; brief Board members Public Review Address comments IUP adopted by Board
core will be the sum of three components:
core,
econdary S core, and
core
core = 16
Purpose Resource Corrective Preventive Improvement Drinking Water Source 9 8 7 Delta Water Quality 8 7 7 Water Recycling
Impaired Water Body 8 6 4 Water Quality Control Plan or Permit 8 6 4
core
Primary S core of “ 2”
econdary S core
econdary S core = “ 0”
core
< 50 % , Construction Readiness = 0
as 100% P & S NOTE: Fundable applications that had an incomplete application and P & S < 49% may be subj ect to deadlines for submitting the complete application and substantial P & S to remain on the Fundable List.
Application or Design Status Score Complete Application Received by the Division 2 Plans and Specifications as verified by Division staff If > 49% = 1, or if > 89% = 2
Priority S core Calculation Example: Critical Improvements at a WWTP
Priority Score = 13
Priority Score = Primary Score + Secondary Score + Readiness Score Readiness Score: Verify the status of the application and Plans & Specifications Application Status: 100 % complete; Application Readiness = 2 P & S Status: 100% Complete; Construction Readiness = 2 Readiness Score = 4 Secondary Score: Verify which secondary characteristic best describes the project The applicant has adopted a detailed Climate Change Action Plan; the Project would help implement the plan’s objectives Secondary Score = 3
Primary Score: Verify the purpose of the project and the resource or impact associated with the project
Project would prevent future water quality permit violations Primary Score = 6
and sort ed highest t o lowest
Fundable
and < 125% , t hen ✓
, t hen modify scores = or > proposed cut off score
point s for communit y st at us
, t hen part ial financing is applied
funding t o great est ext ent
where applicants have existing debt programs and are highly rated
covenants
process consistent with Policy requirements
ervice Coverage
from 1.1 to 1.2 times
times
1. Eligible S tart Date
eligible starting with Notice to Proceed 2. Planning/ Design Loans
DWS RF Policy
to scoring and must be on Fundable List
3. Align Water Conservation and Management with current S tate Law
uppliers must certify meeting Division 6 of Water Code
uppliers must certify that area water suppliers meet Division 6 4. Dropping Pledged Revenues Fund Resolution, but must submit a closing resolution consistent with
5. Appraisal requirement dropped for purchase of land
security 6. Policy generalized to apply to all types of proj ect (i.e., “ Proj ect” Financing)
7. Pre-Payments require consent
RF Program
select applicat ions
RF and DWS RF
adaptation from applicants and DF A staff
coring system may produce unpredictable results
be needed
Task Date(s) Remarks
Begin Comment Review Period 9/ 14/ 2018 Draft Policy posted on the web S takeholder Workshops 9/ 18/ 2018 Central Valley Regional Water Quality Control Board 9/ 21/ 2018 East Bay Municipal Utility District 9/ 25/ 2018 Irvine Ranch Water District End Comment Review Period 10/ 19/ 2018 At noon Board considers Policy amendment 11/ 27/ 2018 Regular Board meeting S coring January 2019 Based on applications as of 12/31/2018 Draft S FY 2019-2020 Int ended Use Plan posted on the web Early April 2019 Adoption of S FY 2019-2020 Int ended Use Plan June 2019
Michael Downey, P .E., Senior Engineer S tate Water Resources Control Board Division of Financial Assistance Water Recycling Funding Program 1001 I S treet, 16th Floor, S acramento, CA 95814 (916) 324-8404