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HomeMy WebLinkAbout074 02 (þ'~'1 ~ 'lJ.. ¿'OL ~,i4-, fI·./), STATE OF WASHINGTON County of Jefferson In the Matter of Providing a Positive Cash Balance for the Water Pollution Control Loan Fund RESOLUTION NO 74-02 WHEREAS, Jefferson County received loans from the Washington State Department of Ecology to provide low interest septic loans to low income citizens; and, WHEREAS, Jefferson County must make semi-annual loan payments to the State (see attachment A and B); and, WHEREAS, the Water Pollution Control Loan Fund is short of cash due to loans not being repaid to Jefferson County until the property sells. NOW, THEREFORE, BE IT RESOLVED, that the County Treasurer be and is hereby authorized to transfer funds from the General Fund in the amount of $50,000.00 to the Water Pollution Control Loan Fund (160-000-010) to be held as a Restricted Fund Balance. BE IT FURTHER RESOLVED, that the Restricted Fund Balance shall be used to provide funding to maintain a positive cash balance for said fund. IT IS FURTHER RESOLVED, that the disclosure for transfer of such funds shall be made as an Equity Transfer on the County's Annual Financial Statements. APPROVED AND ADOPTED this J. JJ day ortktnJd, 2002. .-' '*' 'f If.,.... ;/ J";;~ '\ ~ í .. , ., .~, ' S~:~, /' , .. . # \ ' . 11 I \4,.... " '~ .Á _ ì.', · ,/ \ \.-- -:-J ' .' ", ."". ~ ATTEST: . "', ') iJ ~ ' ~~~ / ~~~¡)OF CO / Glen Huntingford, Member ~~/~ Lorna Delaney, CMC Clerk of the Board ~ Daniel Titterness, Member ill! /1 p~IJ,(¡ir Washington State Department of Ecology Repayment Schedule SRF Loan #90001 Loan Amount: $ 169,217.81 Loan Date: 3/31/95 Term of Loan: 19 Annual Interest Rate: 4.00% Interest Compounded: Semi-Annual Payment Pmt. Due Date Amount Interest Principal Balance 1 3/31/95 10,581.38 10,581.38 158,636.43 2 9/30/95 10,581.38 3,172.73 7,408.65 151,227.78 3 3/31/96 10,581.38 3,024.56 7,556.82 143,670.96 4 9/30/96 10,581.38 2,873.42 7,707.96 135,963.00 5 3/31/97 10,581.38 2,719.26 7,862.12 128,100.88 6 9/30/97 10,581.38 2,562.02 8,019.36 120,081.52 7 3/31/98 10,581.38 2,401.63 8,179.75 111 ,901 .77 8 9/30/98 10,581.38 2,238.04 8,343.34 103,558.43 9 3/31/99 10,581.38 2,071.17 8,510.21 95,048.22 10 9/30/99 10,581.38 1,900.96 8,680.42 86,367.80 11 3/31/00 10,581.38 1,727.36 8,854.02 77,513.78 12 9/30/00 10,581.38 1,550.28 9,031.10 68,482.68 13 3/31/01 10,581.38 1,369.65 9,211.73 59,270.95 14 9/30/01 10,581.38 1,185.42 9,395.96 49,874.99 15 3/31/02 10,581.38 997.50 9,583.88 40,291.11 16 9/30/02 10,581.38 805.82 9,775.56 30,515.55 17 3/31/03 10,581.38 610.31 9,971.07 20,544.48 18 9/30/03 10,581.38 410.89 10,170.49 10,373.99 19 3/31/04 10,581.38 207.39 10,373.99 04/09/01 II /1 p:/./J/ð ií ß JfiFFERSON COUNTY HEALTH AND HUMAN SERVICES JEFFERSON COUNTY Loan Amount: $ 150,000.00 Term of Loan: 27 Amortization Method: Normal, 365 DiY Loan Date: 12-31-2002 Annual Interest Rate: 1.500 % Interest Compounded: Semi-Annual PMT Due Date Payment Amount Principal Balance ----- -------- --------------- ------------- - --------------- --------------- 1 12-31-03 6,203.95 2,258. 3,945.51 146,054.49 --------------- ------------- - --------------- 2003 totals 6,203.95 2,258. 3,945.51 --------------- ------------- - --------------- 2 06-30-04 6,203,95 1,095. 5,108.54 140,945.95 3 12-31-04 6,203.95 1,057. 5,146.86 135,799.09 --------------- ------------- - --------------- 2004 totals 12,407.90 2,152. 10,255.40 --------------- ------------- - --------------- 4 06-30-05 6,203.95 1,018. 5,185.46 130,613.63 5 12-31-05 6,203.95 979. 5,224,35 125,389.28 --------------- ------------- - --------------- 2005 totals 12,407.90 1,998. 10,409.81 --------------- ------------- - --------------- 6 06-30-06 6,203.95 940. 5,263.53 120,125.75 7 12-31-06 6/203.95 900. 5,303.01 114,822.74 --------------- ------------- - --------------- 2006 totals 12,407.90 1/841. 10,566.54 --------------- ------------- - --------------- 8 06-30-07 6,203.95 861. 5,342.78 109,479.96 9 12-31-07 6,203,95 821. 5,382.85 104,097.11 --------------- ------------- - --------------- 2007 totals 12,407.90 1,682. 10,725.63 --------------- --------------- 10 06-30-08 6,203.95 5,423.22 98,673.89 11 12-31-08 6,203.95 5,463.90 93,209.99 --------------- --------------- 2008 totals 12,407.90 10,887.12 --------------- --------------- 12 06-30-09 6,203.95 5,504.88 87,705.11 13 12-31-09 6,203.95 5,546.16 82,158.95 --------------- --------------- --------------- 2009 totals 12,407.90 1,356.86 11,051. 04 --------------- --------------- --------------- 14 06-30-10 6,203.95 616.19 5,587.76 76,571.19 15 12-31-10 6,203.95 574,28 5,629.67 70,941.52 --------------- --------------- --------------- 2010 totals 12,407.90 1,190.4,7 11,217.43 --------------- I --------------- - - - - - - - - - - - - - -1- 16 06-30-11 6,203.95 532.016 5,671.89 65/269.63 17 12-31-11 6,203.95 4 8 9 . 512 5/714.43 59/555.20 --------------- , --------------- - - - - - - - - - - - - - -,- 1 2011 totals 12,407.90 1,021.58 11,386.32 --------------- --------------- --------------- THIS IS AN ESTIMATED LOAN REPAYMENT SCHEDULE Page 2 , , 04/09/01 PMT Due Date ----- -------- 18 06-30-12 19 12-31-12 2012 totals 20 06-30-13 21 12-31-13 2013 totals 22 06-30-14 23 12-31-14 2014 totals 24 06-30-15 25 12-31-15 2015 totals 26 06-30-16 27 12-31-16 2016 totals Grand totals .\ .., , - Payment Amount Interest Principal Balance --------------- --------------- --------------- --------------- 6,203.95 446.66 5,757.29 53,797.91 6,203.95 403.48 5,800.47 47,997.44 --------------- --------------- --------------- 12,407.90 850.14 11,557.76 --------------- --------------- --------------- 6,203.95 6,203.95 359.98 316.15 5,843,97 5,887.80 42,153.47 36,265.67 --------------- --------------- --------------- 12,407.90 676.13 11,731.77 --------------- --------------- --------------- 6,203.95 6,203.95 271.99 227.50 5,931,96 5,976.45 30,333.71 24,357.26 --------------- --------------- --------------- 12,407.90 499,49 11,908.41 --------------- --------------- --------------- 6,203.95 6,203.95 182.68 137.52 6,021.27 6,066,43 18,335.99 12,269.56 --------------- --------------- --------------- 12,407.90 320.20 12,087.70 --------------- --------------- --------------- 6,203,95 6,203.81 92,02 46.18 6,111.93 6,157.63 6,157.63 0.00 --------------- --------------- --------------- 12,407.76 138.20 12,269.56 --------------- --------------- --------------- $ 167,506.51 $ 17,506.51 $ 150,000.00 --------------- --------------- --------------- --------------- --------------- --------------- THIS IS AN ESTIMATED LOAN REPAYMENT SCHEDULE - Page 3