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Rural Development Utilities Programs

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Title: Rural Development Utilities Programs


1
Rural Development Utilities Programs
  • KENNETH M. ACKERMAN
  • Assistant Administrator,
  • Program Accounting and Regulatory Analysis
  • NARUC Staff Subcommittee on Accounting and
    Finance
  • Corpus Christi, Texas
  • April 25, 2006

2
Topics
  • Rural Development Branding
  • New Administrator
  • Organizational Charts
  • eAuthentication ID
  • Electric / Telecom / Water Environmental
    Programs
  • REDLG
  • Accounting Issues
  • Other Issues

3
RURAL DEVELOPMENT BRANDING
  • BUSINESS PROGRAMS
  • HOUSING PROGRAMS
  • UTILITIES PROGRAMS

4
Administrator - RUS
  • James M. Jim Andrew was unanimously confirmed
    by the Senate as the new Administrator of the
    Rural Utilities Service on November 10, 2005

5
Rural DevelopmentOrganizational Chart
6
Program Accounting and Regulatory Analysis
7
eAuthentication ID
  • Submission of Forms 7 12
  • Calendar Year 2006
  • Rural Development Utilities Programs Data
    Collection System (DCS)
  • Web-based data entry

8
eAuthentication ID
  • To access DCS, borrower personnel must be
    identity proofed
  • Identity proofing must be performed by a USDA
    employee trained as a Local Registration
    Authority (LRA)
  • Who are LRAs?
  • Field Accountants
  • GFRs
  • Rural Development State Office personnel

9
eAuthentication ID
  • What does it take?
  • Borrower employee must present him/herself in
    person
  • Employee must produce a government issued
    identification (e.g. drivers license)
  • Identity proofing will begin May 1, 2006

10
eAuthentication ID
  • It is vital that borrower employees do not share
    their User IDs or passwords with others
  • All data entered into DCS will be tracked by User
    ID
  • The future will bring additional opportunities to
    interact with RDUP systems using the USDA eAuth
    ID

11
  • FISCAL YEAR
  • LOAN PROGRAM
  • SUMMARY

12
Electric Programs Budget
(Dollars in Million)
Summary of Loan Program

2007

Loan
2005
2006 Presidents Program
Actual Actual Proposed Budget
Direct 5 119
99 99 Municipal
Rate 104 99
40 Direct Treasury Rate
1,000 990
700 FFB Guaranteed 2,100
2,600 3,000 Non-FFB
Guaranteed 0 99
0 Section 313A
1,000 1,500
0 Total Loan Program 4,323
5,387 3,839
13
Loan Subsidies
MILLIONS
14
Loan Approvals Versus Subsidies
BILLIONS
15
Loans Approved by Type
BILLIONS
16
Distribution Loans Approved by State for FY 05
17
Distribution Loan Purposes
  • 12,354 MILES OF NEW DISTRIBUTION LINES
  • 6,322 MILES OF UPGRADED DISTRIBUTION LINES
  • 188 MILES OF NEW TRANSMISSION LINES
  • 151 MILES OF UPGRADED TRANSMISSION LINES
  • 82,448,000 FOR GENERATION SYSTEM IMPROVEMENTS
  • 20,575,447 FOR SERVICE BUILDINGS
  • NEW AND/OR IMPROVED SERVICE IN 259 OUTMIGRATION
    COUNTIES AND 124 POVERTY COUNTIES

18
Generation and Transmission Loans Approved
19
Generation and Transmission Loans Approved
20
Generation and Transmission Loans Approved by
State for FY 05
21
Generation and Transmission Loan Purposes
  • 552 MILES OF NEW TRANSMISSION LINES
  • 157 MILES OF UPGRADED TRANSMISSION LINES
  • 243,278,000 FOR GENERATION SYSTEM IMPROVEMENTS
  • 707,648,000 FOR 1,846,000 kW OF NEW GENERATION
  • 501,760,000 FOR GENERATION EMISSION REDUCTIONS
  • NEW AND/OR IMPROVED SERVICE IN 347 OUTMIGRATION
    COUNTIES AND 302 POVERTY COUNTIES

22
Renewable Energy Loans
  • TOTAL
  • TYPE LOANS DOLLARS
  • WIND 2 1,866,000
  • SOLAR 2 10,465,000
  • ENERGY EFFICIENCY 2 29,432,000
  • TOTAL 6 41,763,000

23
Rural Economic Development Loans Grants (REDLG)
  • Eligibility RUS electric and telephone
    borrowers (not delinquent on any Federal debt or
    in bankruptcy proceeding) and certain electric
    utilities that have prepaid.
  • Purposes Revolving loan programs, community
    development, technical assistance, construction,
    capital improvements, purchase of machinery and
    equipment, and working capital.

24
Rural Economic Development Loan Program FY 2005
  • Awarded
  • Number 49
  • Dollar 22,322,375
  • Applications Pending
  • Number 21
  • Dollar 10,357,163
  • Balance of Funds Available 2,480,264

25
Rural Economic Development Loan/Grant Program
FY 2006 Outlook
  • Rural Economic Development Loans
  • 25 Million
  • Rural Economic Development Grants
  • 10 Million

26
RUS BOX SCORE
  • Hardship Loans
  • As of 3/31/2006
  • FY Authority 90,000,000
  • Approved (2) .. 37,811,000
  • Remaining . 52,189,000
  • Applications Pending (2) 22,590,000

27
RUS BOX SCORE
  • Municipal Rate Loans
  • As of 3/31/2006
  • FY Authority 90,000,000
  • Approved (1) .. 9,584,000
  • Remaining 80,416,000
  • Applications Pending (3) 45,779,000

28
RUS BOX SCORE
  • Treasury Rate Loans
  • As of 3/31/2006
  • FY Authority 900,000,000
  • Approved (16) .. 273,888,000
  • Remaining . 626,112,000
  • Applications Pending (28) 470,649,000

29
RUS BOX SCORE
  • Loan Guarantees
  • As of 3/31/2006
  • FY Authority 2,340,000,000
  • Approved (8) .. 608,516,400
  • Remaining . 1,731,483,600
  • Applications Pending (42) 8,835,741,000

30
Telecommunications
  • Newly Selected Assistant Administrator
  • Jacqueline Ponti
  • Currently with the
  • International Bureau of the FCC

31
TELECOMMUNICATIONSProgram Budgets
Infrastructure Loan Programs Hardship
145 million 143 million Cost of Money
419 million 247 million RTB
0 0 FFB 125 million
299 million
2006
Program
2007 (proposed)
32
Dissolution of the Rural Telephone Bank
  • The Presidents Fiscal Year 2006 Budget
    established the process and terms to implement a
    dissolution of the RTB due to insufficient demand
    for the banks loans and the availability of
    adequate financing from other sources.
    Stockholders of the RTB are receiving cash payout
    for their stock at par value.

33
Dissolution of the Rural Telephone Bank
  • On April 11, 2006, RTB redeemed the stock of
    630 telephone companies and cooperatives. This
    represents 85 of stockholders. Payouts totaled
    more than 1.2B. All stock should be redeemed
    within the next few months.

34
TELECOMMUNICATIONSProgram Budgets
Broadband Loan and Grant Program
Program
2006
2007 (proposed)
Grants 17.8 M
-0- Loans 2.2 B 358.9 M
Unused appropriation carries over from prior year
35
TELECOMMUNICATIONSProgram Budgets
Distance Learning and Telemedicine
Programs Loans 25 million
0 Grants 25
million 25 million
Program
2006
2007 (proposed)
36
Broadband Loan Program FY2006 Budget
  • 4 Funding 64 Million
  • Treasury Rate Funding 1.085 Billion
  • 556 Million 2 Year Funds FY 2006
  • 1.601 Billion Good through FY 2007

37
Broadband Program Statistics
158 Applications Received Totaling
2,343,000,000 Applications Processed as of
January 17, 2006 54 Approved 830,000,000
8 In Review 171,000,000 96 Returned
1,342,000,000
38
Broadband
  • Two new applications totaling 629.5M
  • to serve a total of
  • 1007 communities in 44 states

39
Water and Environmental Programs ( Millions)
FY 2006 FY 2007 Actual
Proposed Direct Loans 990.00
990.00 Guaranteed Loans 75.00
75.00 Grants 438.00
346.00 2005 Hurricanes 45.00
0 Solid Waste Mgmt Grants 3.50
3.50 Individually-owed water well
0.99 0 Grants for Water and
0.50 0 Wastewater Revolving
Total 1,552.99 1,414.50
40
Accounting Issues
41
FERC Order No. 668Accounting Related to RTO/ISO
  • Issued December 16, 2005
  • Accounting requirements for public utilities
    including RTOs
  • Established plant accounts, revenue and expense
    accounts, and procedures related to RTO/ISO
    accounting
  • Effective January 1, 2006
  • RDUP has not yet codified this revision

42
FASB ED on Pensions and Other Postretirement
Benefits
  • Issued March 31, 2006
  • Comments are due May 31, 2006
  • Would require recognition of a liability if the
    pension or postretirement plan is unfunded or
    underfunded
  • Negative impact on equity

43
FASB ED on Pensions and Other Postretirement
Benefits
  • Currently requires 5 year valuation of
    postretirement benefit plans
  • ED would require annual valuation as of the date
    of the audit
  • Could result in increased volatility of margins
  • Would require retrospective application of
    standard

44
Other Issues
45
Vacancies
  • Field Accountant for Idaho, Washington Alaska
  • Field Accountant for Iowa
  • Accounting Branch Chief, Washington, DC
  • Senior Staff Accountant, Washington, DC

46
RUS Field Accountants
Vacant (Idaho)
Vacant
Gustin
Mueller
Colberg
Dellavedova
Johnson
Henry
Frantz
Shewmake
Elam
Bellinger
Vacant
Benson
Clark
Kaufman
Johnston
Haas
Forman
Stover
Kirby
Bunch
Kinter
Partrich
Martin
Rich
Garrett
Haas (Kansas)
Stevens
Lacomb
Baker
Jergens
47
RDUP CPA Seminars
  • August 21 22 Bahia Resort Hotel San Diego,
    CA
  • September 18 19 Atlanta Sheraton Atlanta,
    GA
  • October 16 17 Albuquerque Marriott
    Albuquerque, NM

48
RDUP CPA Seminars
  • Topics we expect to cover
  • Grant Requirements
  • Military Privatization Issues
  • Broadband over Power Lines
  • Disaster Recovery
  • Statistical Sampling
  • Risk Assessment Standards
  • Tax Issues
  • And many, many more

49
http//www.usda.gov/rus/ Kenneth.ackerman_at_usda.gov
Kenneth.ackerman_at_wdc.usda.gov
50
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