AGENDA TO THE STATE LOAN AND INVESTMENT …slf-web.state.wy.us/osli/boardmatters/2014/0614/SLIB/SLIBAll.pdf · Chapter 3 Emergency MRG for Washakie County ... are consistent with

of 1

AGENDA TO THE STATE LOAN AND INVESTMENT BOARD MATTERS June 5, 2014

Herschler Bldg., Rm. B63 8:00 a.m. to 12:00 p.m.

A. MINUTES

1. April 10, 2014 Regular State Loan and Investment Board Meeting B. REPORTS C. POLICY MATTERS - NONE D. STATE INVESTMENTS - NONE E. FARM LOAN MATTERS

1. Ridge Farm Loan Repayment Plan 2. Jones Farm Loan Repayment Plan 3. Jones Farm Loan Repayment Plan

F. CLEAN WATER STATE REVOLVING FUND MATTERS 1. Clean Water State Revolving Fund Core Program (Attachment) G. DRINKING WATER STATE REVOLVING FUND MATTERS NONE H. CHAPTER 3 MINERAL ROYALTY GRANT MATTERS 1. Chapter 3 Emergency MRG for Washakie County (Attachment) I. COUNTYWIDE CONSENSUS MATTERS

1. Chapter 32 Countywide Consensus (Attachment) J. MISCELLANEOUS MATTERS 1. Fremont County Court Security K. BOARD OF DEPOSITS

1. Approval of Time Deposit/Open Account Interest Rate (Attachment) 2. Report of Bank Balances on Deposit and Collateral (Attachment) 3. Designate Banks within the State Eligible as State Depositories to receive any portion of Public Monies for Fiscal Year 2015 (Attachment) *Interested Parties

of 4

MINUTES STATE LOAN AND INVESTMENT BOARD

April 10, 2014 Opening: The regular meeting of the State Loan and Investment Board (SLIB) was called to order by Chairman Matthew H. Mead at 9:16 a.m., April 10, 2014, at the Herschler Building, Room B63. Board Members Present:

Matthew Mead, Chairman/Governor Max Maxfield, Secretary of State Cynthia Cloud, State Auditor Mark Gordon, State Treasurer Cindy Hill, Superintendent of Public Instruction

Office of State Lands and Investments (OSLI) Staff Members Present:

Bridget Hill, Director Elizabeth Blackwell Amanda Sewell Billie Hunter Mach Bowman Justin Daraie Attorney Generals Office

A. Minutes

1. February 6, 2014, Regular State Loan and Investment Board Meeting Auditor Cloud moved to approve the SLIB minutes of February 6, 2014. Treasurer Gordon seconded the motion. The motion carried. Board Action: Approved (Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

B. Reports

Director Hill addressed standard reports to the Board. Director Hill presented to the Board the following board matters that were amenable for treatment on a consent list: Board Matters E-1 and E-2, F, G-1 and G-2, H and I and noted that all relevant information within these board matters had been presented to the Board, in advance, for review. Secretary Maxfield moved to approve Board Matters E-1 and E-2, F, G-1 and G-2, H and I for inclusion on the consent list. Auditor Cloud seconded the motion. The motion carried. (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye) Superintendent Hill moved to approve the Directors recommendations for all board matters listed on the consent list. Auditor Cloud seconded the motion. The motion carried. (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye) C. Policy Issues

1. Consider Board Authorization to proceed with the Regular Rulemaking Process for Chapter 3 Mineral Grants

Director Hill recommended the Board authorize the Office to begin the regular rulemaking process and amend rules for Chapter 3 Mineral Royalty Grants so they are consistent with Wyoming statutes which were adopted by the 2014 legislature.

Superintendent Hill moved to approve the Directors recommendation. Treasurer Gordon seconded the motion. The motion carried. Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

of 4

2. Consider Board Authorization to proceed with the Regular Rulemaking Process for Chapter 32 Capital Improvement Projects Countywide Consensus List Awards (Block Allocations)

Director Hill recommended the Board authorize the Office to begin the regular rulemaking process and amend rules for Chapter 32 of Capital Improvement Projects-Countywide Consensus List Awards (Block Allocations) so the rules reference the 2014 budget bill which provides funds for the next biennium. These funds will be administered in the traditional way.

Superintendent Hill moved to approve the Directors recommendation. Treasurer Gordon seconded the motion. The motion carried. Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

3. Consider Emergency Rules for Chapter 35 Municipal Solid Waste Facilities

Cease and Transfer Loan and Grant Program

Director Hill recommended the Board find that there was an emergency requiring emergency rules and adopt emergency rules for awarding of funding and administration of the Chapter 35 Municipal Solid Waste Facilities Cease and Transfer Loan and Grant Program and authorize the Office to begin the regular rulemaking process. The 2013 legislation imposed a requirement for receiving a grant or a loan under this program regarding the type of facility that waste may be disposed into. However, the 2014 legislation created an exception to the requirement allowing an operator to obtain DEQ approval to transfer the waste to a DEQ permitted facility. The Board has a special meeting scheduled for May 6, 2014, to consider the first applications for funding under this program. Thus, the rules need to be amended to incorporate the new legislation.

Treasurer Gordon asked Director Hill to speak on the need/difficulties for the smaller communities to meet the requirements for eligibility. Director Hill stated that the Office is hearing that small communities are struggling to meet the requirements set by the legislature that to be eligible for these funds they are required to use GAAP (General Accepted Accounting Principles) because smaller communities use a Cash Basis Accounting. DEQ is working on this issue and speaking with their Attorney General representative to see if the intent was to use the Cash Basis Accounting which they use normally use, but this may mean that at the May 6th meeting some of the communities on the priority list might not be eligible. Superintendent Hill asked Director Hill how many communities would this impact, Director Hill stated in speaking in general with Director Parfitt there could be a significant number but at this time did not have an actual number.

Treasurer Gordon moved to approve the Directors recommendation. Auditor Cloud seconded the motion. The motion carried. Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

D. State Investments

1. University of Wyoming Student Portfolio Management Program Update Information Only Director Hill introduced to the Board, Professor Patrick Fleming, from the University of Wyoming-Economic and Finance Department. Director Hill explained to the Board that Board Matter D-1 was to update the Board on the Student Portfolio Management Program, which allows student in the program to manage money in equity investments from the University Permanent Land Fund. Currently, Professor Fleming and the student of University of Wyoming manage $755,000. Professor Fleming and University of Wyoming students provided a PowerPoint presentation to the Board on the progress of the Student Portfolio Management Program. Board Action: None Information Only

E. Applications for Farm Loans 1. Beginning Agricultural Producer Loan Kerry and Jeanie Cooper

of 4

Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

2. Beginning Agricultural Producer Loan Haslem Land Company, LLC


F. Partial Release of Mortgages 1. Christopher and Catherine Bolken, B00028 Bh


G. Consider Grant Funding for the following Grant and Loan Programs

1. Consider two (2) applications for a Drinking Water State Revolving Fund (DWSRF) Core Program Loans including special program incentives and special program requirements Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

2. Consider amending the loan amount of one conditionally approved DWSRF

Core Program Loan including special program incentives and special program requirements Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

H. Consider the Scope of the One (1) Clean Water State Revolving Fund (CWSRF) Core

Program Loan including Special Program Incentives and Special Program Requirements Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

I. Consider Grant Funding for Eligible Capital Projects as Certified to the Board in

Chapter 32 Countywide Consensus List Submitted to the Office of State Lands and Investments Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

Walk In Matters

1. Consider Emergency MRG Application Greybull

Director Hill recommended the Board deny the Town of Greybull emergency Mineral Royalty Grant Funding because in her view the project fails to meet the definition of an emergency. The Wyoming DEQ reviewed the application for emergency funding and does not consider this to project to be an emergency. Chairman Mead invited the public to comment on Walk-In Matter. Public comments:

Greybull Mayor Bob Grant spoke on impacts of the ice jams and sewage lagoon. Paul Thur of Greybull spoke on the unexpected cost of repairing the levees and why they must be repaired.

Chairman Mead stated that with the state of the snowpack and the projected spring run-off that the project could meet the definition of an emergency and that he would support funding this request.

of 4

Superintendent Hill moved to accept the request for $132,000 for emergency Mineral Royalty Grant funding. Secretary Maxfield seconded the motion. The motion carried. Board Action: Approved (Board Vote: Mead, Maxfield, Cloud, Gordon and Hill voting Aye)

Adjournment: Auditor Cloud moved to adjourn the State Loan and Investment Board at 10:19 a.m., on April 10, 2014. Treasurer Gordon seconded the motion. The motion carried. The next State Loan and Investment Board meeting will be June 5, 2014, 8:00 a.m. in the Herschler Building, Room B 63 Minutes submitted by: Mach Bowman, Executive Assistant Approved by: ________________________________________ Bridget Hill Secretary of the State Loan and Investment Board

Office of State Lands & InvestmentsLoan Program OverviewAs of May 6, 2014

LOANS

STATUTORY

ALLOTMENT

OUTSTANDING

LOANS

LOANS

APPROVED NOT

CLOSED

FUNDS

AVAILABLE

FARM LOAN $192,500,000 $5,791,283 $0 $186,708,717Chapter 118, 1921W.S. 11-34-101, et seq.

FARM LOAN-BEG.AG.PRODUCER $27,500,000 $19,226,208 $814,000 $7,459,792Chapter 34, 2003W.S. 11-34-117, et seq.

FARM LOAN-LIVESTOCK LOANS $55,000,000 $44,531 $0 $54,955,469Chapter 42 , 2008W.S. 11-34-117 (j)

IRRIGATION LOAN $20,000,000 $781,568 $0 $19,218,432Chapter 141, 1955W.S. 11-34-301, et seq.

NATURAL RESOURCE BOARD $300,000 $0 $0 $300,000Chapter 84, 1963W.S. 11-34-303

HOT SPRINGS STATE PARK $2,000,000 $22,469 $0 $1,977,531Chapter 139, 1967W.S. 36-8-318, et seq.

JOINT POWERS ACT $60,000,000 $4,998,528 $0 $55,001,472Chapter 21, 1974W.S. 16-1-109, et seq.

HYDRO POWER $0 $0** Chapter 109, 2011W.S. 11-34-306 (a)** No Statutory Allotment Provided

AERONATUICS COMMISSION $10,000,000 $4,534,996 $0 $5,465,004Chapter 138, 2013W.S. 9-12-703, et seq.

MUNICIPAL SOLID WASTE $1,500,000 $0 $56,250 $1,443,750 CEASE &TRANSFERChapter 194, 2013W.S. 35-11-529 (b)

TOTALS $368,800,000 $35,399,583 $870,250 $332,530,167

MINERAL ROYALTY GRANT PROGRAMPROGRAM SUMMARY

Cities, Towns & Counties Capital Construction AccountFor the Biennial Period ending June 30, 2014

As of

Program Summary BFY 2013/2014

Appropriation

BFY 2013/2014 Appropriation 33,400,000$

Allocation Summary

Chapter 3

MRG Capital

Construction

Appropriation Allocation 33,400,000$

Less Administrative Expenses (Accrued) (366,380)

33,033,620$

Less Board Approved Grants:

Board Meeting August, 2012 6,815,976$

Board Meeting October, 2012 10,800

Board Meeting January, 2013 8,418,687

Board Meeting February, 2013 161,000

Board Meeting June, 2013 5,527,875

Board Meeting October, 2013 31,647

Board Meeting January, 2014 7,086,364

Board Meeting April, 2014 132,000

Board Meeting May, 2014 900,040

Appropriated Funds Available For BFY 13/14 Grants 3,949,231$

Add: BFY 13/14 MRG Relinquishments 43,577$

Balance of Appropriated Funds & Relinquisments Available For BFY 13/14 Grants 3,992,808$

Summary of Estimated Cash and Fund Balance (Projected to June 30, 2014)

Cash MRG Fund Beginning Balance July 1, 2012 29,359,208$

General Fund Cash Available for BFY 2009 Emergency MRG Grants 1,204,721$

30,563,929$

Revenues

Mineral Royalty/Coal Bonus 24,243,750$

Severance Tax/Coal Bonus 7,223,000

31,466,750

Disbursements - Grant Obligations

BFY 2001/2002 Grants 349,794

BFY 2005/2006 Grants 136,279

BFY 2009/2010 Grants 4,065,810

BFY 2011/2012 Grants 15,695,252

BFY 2013/2014 Grants 4,708,199 24,955,334

Disbursements - Other

Administrative Expenses (Accrued) 366,380

Ending Cash Balance 36,708,965$

Add: Balance of Uncollected Revenue 1,933,250$

Less: Balance of Unspent Obligations and Appropriations

BFY 13/14 Obligated/Unspent Grants 24,332,613

BFY 13/14 Unobligated Grant Funding 3,992,808

*** All Prior Years 4,298,039

32,623,460

Projected Cash Balance June 30, 2014 6,018,754$

Summary of Revenues and Disbursements Projected Cash Basis

Estimated vs. Actual Revenue BFY 2013/2014

Estimated Actual

FY 2013 Federal Mineral Royalty/Coal Bonus Distribution 13,100,000$ 13,050,000$

FY 2013 Severance Tax/Coal Bonus 3,600,000 3,611,500

16,700,000$ 16,661,500$

FY 2014 Federal Mineral Royalty/Coal Bonus Distribution 13,100,000$ 11,193,750

FY 2014 Severance Tax/Coal Bonus 3,600,000 3,611,500

16,700,000$ 14,805,250$

33,400,000$ 31,466,750$

BFY 2013/2014 Approved Grants vs. Disbursed Approved Disbursed

BFY 13/14 Approved Grants 29,040,812$ 4,708,199$

Administrative Expenses (Accrued) 366,380 366,380

29,407,192$ 5,074,579$

BFY 2013/2014 Balance of Available Funding at May 6, 2014 3,992,808$ 26,392,171$

*** Prior Year Appropriations Obligated/UnspentBFY 2009/2010 Undisbursed Grants 30,320

BFY 2011/2012 Undisbursed Grants 4,267,719

Total 4,298,039$

May 6, 2014

County Wide Consensus Grant ProgramPROGRAM SUMMARYAppropriation From General FundFor the Biennial Period ending June 30, 2014

As of April 30, 2014

Program Summary BFY 2013/2014Appropriation

BFY 2013/2014 General Fund Appropriation-County Wide Consensus 54,000,000$ BFY 2011/2012 County Wide Consensus Carry-Over Appropriation Available (2012 Session Chapt 26, Section 324 (e)) 773,047$

54,773,047$

Allocation Summary Chapter 32

BFY13/14 Chapter 32 Prior BFY's Carryover

County Wide County WideConsensus Consensus Total

Appropriation Allocation 54,000,000$ 773,047$ 54,773,047$ Add Reliquishments 1,512,261$ 318,346$ 1,830,607$

Board Approved Grants: Board Meeting August, 2012 19,165,910$ -$ 19,165,910$ Board Meeting October, 2012 18,083,018$ -$ 18,083,018$ Board Meeting December, 2012 949,532$ 120,000$ 1,069,532$ Board Meeting January, 2013 1,678,353$ -$ 1,678,353$

Board Meeting February, 2013 1,908,568$ -$ 1,908,568$ Board Meeting April, 2013 4,042,144$ 45,886$ 4,088,030$ Board Meeting June, 2013 2,644,727$ 25,909$ 2,670,636$ Board Meeting August, 2013 817,231$ 46,176$ 863,407$ Board Meeting October, 2013 285,529$ 7,293$ 292,822$ Board Meeting December, 2013 2,522,123$ 116,780$ 2,638,903$ Board Meeting January, 2014 1,021,916$ 16,949$ 1,038,865$ Board Meeting February, 2014 129,000$ -$ 129,000$ Board Meeting April, 2014 434,092$ 46,176$ 480,268$

Balance of Appropriated Funds Available During BFY 13/14 1,830,118$ 666,224$ 2,496,342$

Summary of Estimated Cash and Fund Balance (Projected to June 30, 2014)Cash

BFY 2013/2014 General Fund Appropriation-County Wide Consensus 54,000,000$ BFY 2013/2014 General Fund Appropriation-County Wide Consensus Reliquishments 1,512,261$ Prior BFY General Fund County Wide Consensus Appropriation Available for Grants 1,091,393$ Prior BFY General Fund County Wide Consensus Obligated Grants 38,211,011$

94,814,665$

Disbursements - Grant ObligationsBFY 2007/2008 Grants 1,888,080$ BFY 2009/2010 Grants 7,725,225$ BFY 2011/2012 Grants 18,138,718$ BFY 2013/2014 Grants 28,059,292$ 55,811,315$

Ending Cash Balance 39,003,349$

Less: Balance of Unspent Obligations and Appropriations:BFY 13/14 CWC Obligated/Unspent Grants 25,622,851$ BFY 13/14 CWC Unobligated Grant Funding 1,830,118$ Prior Chapter 32 Obligated Grants 425,169$ Prior Chapter 32 Unobligated Grant Funding 666,224$

Prior Year Appropriations Obligated/Unspent:BFY 2007/2008 Undisbursed County Wide Consensus Grants ** 2,591,311$ BFY 2009/2010 Undisbursed County Wide Consensus Grants ** 4,349,634$ BFY 2011/2012 Undisbursed County Wide Consensus Grants 3,518,042$ 10,458,987$ ** Unspent CWC funds in excess of final project cost revert to general fund

39,003,349$ Projected Cash Balance June 30, 2014 -$

Summary of County Wide Consensus Grants For Informational Purposes Only AS OF DECEMBER 31, 2013

Allocation Unobligated Obligated/Unspent Allocation Unobligated Obligated/Unspent3,943,517$ -$ 2,673,610$ 2,506,830$ -$ 349,823$

1,407,505$ 618$ 415,584$ 932,781$ 8,583$ 209,003$

3,634,674$ -$ 1,344,992$ 2,354,665$ -$ 637,287$

1,419,097$ -$ 418,569$ 931,217$ -$ 173,231$

1,248,940$ 222,779$ 758,958$ 823,550$ 19,345$ -$

944,034$ -$ 281,412$ 641,851$ -$ 62,305$

3,564,621$ -$ 1,889,096$ 2,351,930$ -$ -$

2,138,335$ 117,760$ 768,548$ 1,363,291$ 508$ 18,781$

619,183$ -$ -$ 408,350$ -$ -$

733,873$ -$ 733,873$ 477,383$ -$ -$

8,150,542$ 170,147$ 3,713,153$ 5,247,400$ 982$ 553,663$

1,610,157$ -$ 904,539$ 1,042,488$ -$ 90,991$

6,527,893$ 489,307$ 4,005,988$ 4,246,698$ -$ -$

511,056$ -$ 338,739$ 353,934$ 5,000$ -$

2,559,907$ -$ 1,712,482$ 1,661,247$ -$ 175,491$

1,339,937$ 381,776$ 193,190$ 818,256$ 100,000$ 100,000$

2,850,025$ -$ 1,068,996$ 1,815,059$ -$ -$

811,922$ 811,922$ -$ 528,953$ 528,953$ -$

3,557,596$ 60,000$ 3,468,706$ 2,317,324$ -$ 92,000$

1,847,619$ -$ 1,506,062$ 1,180,428$ -$ 451,400$

2,041,339$ 1,021,916$ 460,696$ 1,347,676$ 2,853$ 294,921$

1,355,929$ 803$ 721,211$ 869,592$ -$ 199,191$

1,182,299$ -$ 659,993$ 779,097$ -$ 304,865$

Total 54,000,000$ 3,277,028$ 28,038,397$ 35,000,000$ 666,224$ 3,712,951$

Full BFY County Allocation

Fremont

BFY 2013/2014 BFY 2011/2012COUNTYAlbany

Big HornCampbellCarbon

ConverseCrook

Sweetwater

GoshenHot Springs

JohnsonLaramieLincolnNatronaNiobrara

ParkPlatte

SheridanSublette

TetonUinta

WashakieWeston

June 5, 2014 SLIB Meeting

Page 1 of 1

DWSRF Conditionally Approved Loans

Town of Mills- Purchase and Installation of Radio Reads and Meter Reading Equipment Project

o Conditionally approved on October 3, 2013

o Loan documents have been signed and ready for draws to begin

City of Rawlins- 2014 Water and Sewer Improvement Project

o Conditionally approved on December 12, 2013

o Loan documents are being prepared

Town of Rolling Hills- New Tank and Distribution Upgrades


o May need a 45 day extension to work with the entity to get all required information

Town of Thayne- Main Street Waterline Replacement



City of Sheridan- Wyoming/Park Improvements Project

o Conditionally approved on April 10, 2014


CWSRF Conditionally Approved loans

City of Cheyenne- West Edge Wetland and Storm Water Quality Facility

o Conditionally approved on June 6, 2013

o Loan documents have been sent to the Governors office to be signed

Town of LaGrange- Sewer Line Replacement and Repair

o Conditionally approved on October 3, 2013


City of Cheyenne- Recycle Water System Extension



City of Lander- Infiltration and Inflow Reduction Project


o Loan documents have been sent to City to be signed

City of Lander- Wastewater Lagoon Upgrades Phase 2


o Loan documents have been sent to City to be signed

Saratoga Carbon County Impact JPB- 2014 Wastewater Outfall Transmission Line & Pump

Station


o May need a 45 day extension to work with the entity to get all required information

City of Rawlins- 2014 Water and Sewer Improvement Project



City of Cheyenne- Southern Sewer Interceptor Main Project Phase 1

o Conditionally approved on February 6, 2014


June 5, 2014 BOARD MATTER E-1

ACTION: Farm Loan Repayment Plan, Loan No. F08631, James I. Ridge

AUTHORITY: W.S. 11-34-107; SLIB Rules Chapter 7, 13(c)(d)(e)

ALTERNATIVES: Approve or Deny Proposed Farm Loan Repayment Plan

ANALYSIS:

The Boards rules relating to the administration of the Farm Loan Program require delinquent borrowers to present a plan for repayment if they default on a loan payment. The plan must be submitted within six (6) months following their installment due date. Generally, acceptable plans are those that present a plan for substantial payment of any delinquent amount, as well as enable the borrower to become current on all installments within a reasonable period of time. Financial statements, operating budgets, and letters outlining plans for repayment are requested and reviewed by the staff. Additional criteria used to evaluate these plans are the borrowers equity position, credit history, operating commitments from local banks, historical crop production and cash flow. HISTORY: Mr. Ridges 2013 payment of $35,530.97 is delinquent. Notification of the delinquency was mailed March 4 2014, requesting either payment in full or a written repayment plan due to the Office no later than May 1, 2014. On May 1, 2014, the Office received a proposed repayment plan from Mr. Ridge. The proposed repayment plan anticipates that Mr. Ridge will receive adequate income from two cuttings of his irrigated crop land to cover the 2013 payment plus penalties and interest as well for the 2014 payment due on December 1, 2014. Mr. Ridge expects the first cutting to occur in early July and the second in mid-August. Office staff reviewed the repayment plan and determined that the proposed plan would not be considered acceptable given the applicants payment history. Since inception of the above referenced loan in 2001, Mr. Ridge has been delinquent on all payments except one. Numerous repayment plans have been approved by the Board over the years. In 2009 and 2013, the Office initiated foreclosure proceedings before finally being paid. Mr. Ridge has several judgments filed against him. Mr. Ridge has not demonstrated an acceptable payment history since receiving the loan in 2001. CURRENT LOAN STATUS:

LOAN NO.: F08631 BORROWER: James. I Ridge ORIGINAL LOAN AMOUNT: $400,000.00 CURRENT PRINCIPAL BALANCE: $332,992.32 ANNUAL INSTALLMENT AMOUNT: $ 35,530.97 TOTAL DELINQUENT AMOUNT: $ 37,137.16 TERM OF LOAN 30 YEARS INTEREST RATE 8% DIRECTORS RECOMMENDATION:

The Director recommends that the Board deny the repayment plan referenced above due to Mr. Ridges past payment history along with the judgments filed against him. BOARD ACTION:

cphelpBoardApproved


ACTION: Farm Loan Repayment Plan, Loan No. L00001, Jones Brothers

Enterprises, LLC AUTHORITY: W.S. 11-34-107; SLIB Rules Chapter 7, 13(c)(d)(e) ALTERNATIVES: Approve or Deny Proposed Farm Loan Repayment Plan ANALYSIS: The Boards rules relating to the administration of the Farm Loan Program require delinquent borrowers to present a plan for repayment of if they default on a loan payment. The plan must be submitted within six (6) months following their installment due date. Generally, acceptable plans are deemed to be those that present a plan for substantial payment of any delinquent amount, as well as enable the borrower to become current on all installments within a reasonable period of time. Financial statements, operating budgets, and letters outlining plans for repayment are requested and reviewed by the staff. Additional criteria used to evaluate these plans are the borrowers equity position, credit history, operating commitments from local banks, historical crop production and cash flow. HISTORY:

Jones Brothers Enterprises, LLC 2013 payment of $16,659.56 is delinquent. Notification of the delinquency was mailed March 4 2014, requesting either payment in full or a written repayment plan due to the Office no later than May 1, 2014. On April 18, 2014, the Office received a proposed repayment plan from Jones Brothers Enterprises, LLC. The proposed repayment plan anticipates that Jones Brothers Enterprises will receive adequate income from a 1/3 ownership in water depots in North Dakota to make the 2013 payment plus penalties and interest by the end of December 2014. Additionally, the borrower expects to be able to pay the 2014 payment in full with penalties by the beginning of 2015. Office staff reviewed the repayment plan and determined that the proposed plan would not be considered acceptable given the borrowers payment history. Since inception of the above referenced loan in 2009, Jones Brothers Enterprises, LLC has been delinquent on all payments except one. A repayment plan was approved by the Board in 2010. In December 2011 the borrower sold part of the collateral held for security on this loan, the proceeds of this sale were applied to the farm loan held by the Office. Jones Brothers Enterprises, LLC has not demonstrated an acceptable payment history since receiving the loan in 2009. CURRENT LOAN STATUS: LOAN NO.: L00001 BORROWER: Jones Brothers Enterprises, LLC ORIGINAL LOAN AMOUNT: $93,000.00 CURRENT PRINCIPAL BALANCE: $44,531.19 ANNUAL INSTALLMENT AMOUNT: $16,659.56 TOTAL DELINQUENT AMOUNT: $17,435.48 TERM OF LOAN 7 YEARS INTEREST RATE 6% DIRECTORS RECOMMENDATION:

The Director recommends that the Board deny the repayment plan referenced above due to the past payment history of Jones Brothers Enterprises, LLC BOARD ACTION:

cphelpBoardApproved


ACTION: Farm Loan Repayment Plan, Loan No. F08710, Jones Brothers

Enterprises, LLC AUTHORITY: W.S. 11-34-107; SLIB Rules Chapter 7, 13(c)(d)(e) ALTERNATIVES: Approve or Deny Proposed Farm Loan Repayment Plan ANALYSIS: The Boards rules relating to the administration of the Farm Loan Program require delinquent borrowers to present a plan for repayment of if they default on a loan payment. The plan must be submitted within six (6) months following their installment due date. Generally, acceptable plans are deemed to be those that present a plan for substantial payment of any delinquent amount, as well as enable the borrower to become current on all installments within a reasonable period of time. Financial statements, operating budgets, and letters outlining plans for repayment are requested and reviewed by the staff. Additional criteria used to evaluate these plans are the borrowers equity position, credit history, operating commitments from local banks, historical crop production and cash flow. HISTORY:

Jones Brothers Enterprises, LLC 2013 payment of $48,350.46 is delinquent. Notification of the delinquency was mailed March 4 2014, requesting either payment in full or a written repayment plan due to the Office no later than May 1, 2014. On April 18, 2014, the Office received a proposed repayment plan from Jones Brothers Enterprises, LLC. The proposed repayment plan anticipates that Jones Brothers Enterprises will receive adequate income from a 1/3 ownership in water depots in North Dakota to make the 2013 payment plus penalties and interest by the end of December 2014. Additionally, the borrower expects to be able to pay the 2014 payment in full with penalties by the beginning of 2015. Office staff reviewed the repayment plan and determined that the proposed plan would not be considered acceptable given the borrowers payment history. Since inception of the above referenced loan in 2009, Jones Brothers Enterprises, LLC has been delinquent on all payments except one. A repayment plan was approved by the Board in 2010. In December 2011 the borrower sold part of the collateral held for security on this loan and the proceeds of this sale were applied to the balance of the loan. In February 2012, the loan was re-amortized in order to lower the annual payments. Jones Brothers Enterprises, LLC has clearly not demonstrated an acceptable payment history since receiving the loan in 2009. CURRENT LOAN STATUS:

LOAN NO.: F0710 BORROWER: Jones Brothers Enterprises, LLC ORIGINAL LOAN AMOUNT: $700,000.00 CURRENT PRINCIPAL BALANCE: $523,877.09 ANNUAL INSTALLMENT AMOUNT: $ 48,350.46 TOTAL DELINQUENT AMOUNT: $ 50,602.40 TERM OF LOAN 30 YEARS INTEREST RATE 8% DIRECTORS RECOMMENDATION:

The Director recommends that the Board deny the repayment plan referenced above due to the past payment history of Jones Brothers Enterprises, LLC. BOARD ACTION:

cphelpBoardApproved

of 2

June 5, 2014 BOARD MATTER F-1 ACTION: Consider one application for a Clean Water State Revolving Fund

(CWSRF) Core Program Loan including special program incentives and special program requirements

AUTHORITY: W.S. 16-1-201 through 16-1-207 and State Loan and Investment

Board Rules, Chapter 11 ALTERNATIVES: Approve, Defer or Deny Loan Requests

BACKGROUND: In accordance with Federal Capitalization Grant Condition #8 (FFY10, FFY11 FFY12, & FFY13 Capitalization Grant awards) a portion of the capitalization grant funds must be used to provide additional subsidization. The Office of State Lands and Investments has chosen additional subsidization in the form of principal forgiveness. Principal forgiveness will be applied upon written notice from the recipient, in the form of a certificate of substantial completion for the approved project. FFY2010 Grant - at least $1,497,982 but not more than $4,993,274 FFY2011 Grant - at least $669,233 but not more than $2,230,777 FFY2012 Grant at least $383,922 but not more than $575,882 FFY2013 Grant at least $307,120 but not more than $460,680 Total Principal Forgiveness available for project allocation: $2,858,257 - $8,260,613

In accordance with Federal Capitalization Grant Condition #9 (FFY10, FFY11 & FFY12 Capitalization Grant awards) at least twenty percent (20%) of the FFY10 & FFY11, and at least ten percent (10%) of the FFY12 & FFY13 capitalization grants must be used for Green Reserve projects: FFY2010 Grant $2,000,400 FFY2011 Grant 1,444,400 FFY2012 Grant 690,800 FFY2013 Grant 652,000

Total Green Project reserve available for project allocation: $4,787,600

Chapter 11, Section 5, State Loan and Investment Board Rules, provides the following eligibility criteria for CWSRF core program loans:

(a) Applicants. Municipalities, counties, state agencies, special districts, and joint powers boards in Wyoming shall be eligible applicants for loans under this Chapter. This includes eligibility for special program incentives when available. (i) Applicants whose annual median household income (AMHI) is less than seventy percent (70%) of Wyomings AMHI are eligible for special program incentives of up to seventy-five percent (75%) of their loan amount. (ii) Applicants whose AMHI is seventy percent (70%) or greater, but less than ninety percent (90%) of Wyomings AMHI, are eligible for special program incentives of up to fifty percent (50%) of their loan amount. (iii) Applicants whose AMHI is over ninety percent (90%) of Wyomings AMHI are eligible for special program incentives of up to twenty-five percent (25%) of their loan amount. (b) Annual median household income data is based on information obtained from the most recent American Community Survey of the U.S. Census Bureau. Median household income data for special districts must be established by an income survey at district expense or other financial data acceptable to OSLI and the Board. If the applicant is a special district or joint powers board, it must be legally formed and approved prior to submitting its loan application. Applicants must be in compliance with all applicable reporting requirements of both the Wyoming Department of Revenue and the Wyoming Department of Audit prior to its application being considered by the Board.

of 2

At this date, additional financial analysis is required to determine the applicants ability to service its debt based on the three (3) years of financial statements that have been submitted and the offered dedicated source of repayment. As such, any approval by the Board should be conditional upon the Staffs financial review. Chapter 14, Section 4 (iv)(B), State Loan and Investment Board Rules, provides an interest rate of 0% per annum for all eligible applicants that qualify in the funding reserves special program as defined by Chapter 11 Rules and Regulations. ANALYSIS:

There is no longer any available Principal Forgiveness and the Green Project Reserve minimum requirement has been exceeded by $381,415 in conditionally approved projects. Staff received one application for consideration at todays meeting. Recommended

#

CWSRF

Applicant

Entity

Project Name

Total Funding

Requested

(Includes Prin.

Forgiveness)

Principal

Forgiveness

Requested

Recommended

Funding

(Includes Prin.

Forgiveness)

Recommended

Principal

Forgiveness

1 Wheatland,

Town of

Solid Waste Transfer Station

$600,000 $0 $600,000 $ 0

Total

$600,000 $0 $600,000 $ 0

DIRECTORS RECOMMENDATION: The Director recommends conditional approval for funding of the one submitted project as set forth above and provided in the Attachments. Approval is conditioned on OSLI staff review and analysis of the applicants financial information. BOARD ACTION: ______________________________________________________

cphelpBoardApproved

STATE LANDS & INVESTMENTSOFFICE OF STATE LANDS AND INVESTMENTS

Clean Water State Revolving Fund MAR 72014PRE-APPLICATION COVER SHEET

Applicant: Town of Wheatland Date: 03105/2014

Address: 600 9th Street Wheatland, Wyoming 82201

Contact Person: Cindy KahlerE-mail address: [email protected] Phone No.: (307) 322-2962

Engineer: Larry WesterE-mail address: [email protected] Phone No.: (307) 742-9220

Tax l.D. Number (required): 83-6000120

Population 3,800 / /Annual Median Household Income 38,169.00 /

Project Ranking on Intended. Use Plan/Year of Intended Use PlanDate of Mandatory Public Meeting 05/12/2014

Project Name: Town of Wheatland Solid Waste Transfer Station

Brief Description: Funds will be used to match a MSW Grant to build a Solid Waste Transfer Station.

Funding Source Amount Requested

Clean Water SRF Loan (Core Program 2.5% Interest) $600,000.00AMT OF

PRINCIPALFORGIVENESSREQUESTED

Clean Water SRF Loan (Special Program 2.5% Interest) $0.00Clean Water SRF Loan (Special Program-Green Project 0% Interest) $0.00 $0.00

Total SRF Funding Requested $ 600,000 00 (total from table above)Applicants Other Funding $ 1,800,000.00 (total from table below)Total Project Cost $ $2,400,000.00

*List applicants other funding sources individually. Provide funding source, funding amount andstatus for each source:

Funding Source Funding Amount Funding StatusMunicipal Solid Waste Facilities Cease Approved Pending

and Transfer Program 1,800,000.00 Approved Pending /Approved PendingApproved PendingApproved PendingApproved PendingApproved PendingApproved PendingApproved Pending

Pre-Application (Part 1) App Cover Sheet - Page 2

PRE-APPLICATION SUMMARY FORM

ProjectlApplicant Town of Wheatland IName Town of Wheatland Solid Waste Transfer Station

Water Rate Intonnation

Current Number of Service Connections: 1 ,9~Water Meters in Use?WaterMeters E Yes ONo

Rate per 20,000 gallons or monthly flat rate if not metered: $20.00 on first 10,000 gallons and $0.50 on next 20,000Rate Schedule as more water is used: See Attached Rate ScheduleAttach rate schedule if necessary Schedule attached? Rate Schedule Attached?

[ yes QN0Sewer Rate Infoimation

Rate per 1,000 gallons or monthly flat rate 12.00 Monthly minimum See Attached Rate Schedule

Assessed Valuation this FY: $801,483.00Assessed Valuation for each of the last three Pts: I 2012 I 554,220.00 I 2011 I 566,882.00 I 2010 I 535,441.00 ITotal Mills levied this FY: $0.00 - There have been no mills levied for sanitation

DETAILED PROJECT DESCRIPTION:

Loan funds will be used to match grant funds in an effort to build a transfer station for the Town of Wheatland and theresidents of Platte County, population 8,756 people. The Town of Wheatland is ranked #1 on the DEQ prioritized list fortransfer stations.

The Town of Wheatlands landfill is close to reaching capacity and has reached the end of its useful life. The Town isunder Administrative Order on Consent to close the facility by 2015. Prior to closing the facility, it will be necessary todevelop a means of disposing the Towns waste at another facility and a waste transfer station will have to beconstructed. This project application is for funding the design and construction of a waste transfer facility for the Town.

The proposed facility is situated southeast of Town immediately north of the existing landfill which is zoned for lightindustrial use. The property is owned by JBs Lumber Mill LLC who has entered into a contract for deed contingent uponapproval by the Platte County Planning and Zoning Commission and permitting by the Wyoming Department ofEnvironmental Quality. The Town plans to purchase this property separately from this loan application.

The current concept is to construct a steel building 100 feet wide and 80 feet deep. The conceptual design at this time isto incorporate a standard tipping floor with a compaction unit to maximize the amount of waste that can be transferred ona single trip. The tipping floor will provide backup in the event of failure of the compactor. Electronic wastes will bestored inside the transfer station for recycling. Oil, paint, batteries, etc. will be stored in a shed adjacent to the mainbuilding. White goods and metals will be stored outside adjacent to the transfer station. Incorporated into the transferstation will be a recycle facility for recycling plastic, paper, corrugated, metals and other materials that can be recycledeconomically. The building will have four overhead doors: three for waste transfer and one for the recycle area.

To maintain as much of the service that has historically been provided to the residents of Platte County and reduce theamount of waste that has to be transferred, a composting facility is proposed east of the transfer station to handle greenwastes and store tires for shredding or recycling.

Sanitation fees will be increased a d sed to make loan payments. A special fund will be reserved for sanitationrevenue and used for annual loan payments.

I certify that I am authorized to sign this application on behalf of our governing body, and the applicant will comply with all appropriaterequirements if approved. To the best of my knowledge and belief, the information in this application is true and correct. I understand theState may review any relevant documents or instruments relatin. to the analysis of this application.

Jean Dixon, Mayor I - ...? e~ / 9Name and Title (typed) Signature Da e

Cindy Kahler, Town Clerk/Treasurer Phone No. (307) 322-2962Name and TiNe of contact Person E-mail: [email protected]

Pre-Application (Part I) App Summary Form - Page 3

of 2

June 5, 2014 BOARD MATTER H-1 ACTION: Consider one application for Chapter 3 Emergency Mineral Royalty

Grant for the Washakie County AUTHORITY: Laws 2010, Chapter 39, Section 60 and SLIB Rules Chapter 3,

Federal Mineral Royalty Capital Construction Account Grants adopted pursuant to W.S. 9-4-604.

ALTERNATIVES: Approve, Defer or Deny Emergency Grant Funding Request ANALYSIS: Pursuant to W.S. 9-4-604(a), the Board may award grants necessary to alleviate an emergency situation which poses a direct and immediate threat to health, safety or welfare, to comply with a federal or state mandate, or to provide an essential public service.

Chapter 3 Mineral Royalty Grant (Emergency Application)

County Entity Project App Amt

*BFY09/10BFY11/12 BFY13/14

MRG

*BFY09/10 BFY11/12 BFY13/14

CWC

CW & DW SRF

Loans

CW & DW SRF

Principal Forgiveness

Recom-mended Amount

Washakie Washakie County

Washakie Medical Center Roof

$583,009 $733,910 $2,753,461 $0 $0 $0

* Historical funding awarded in two previous and current biennium Project information: Washakie County is requesting emergency grant funding to repair the roof of the Washakie Medical Center. The proposed repairs include replacing 38,510 square feet of the prematurely failing roof system. The County would like to initiate this project immediately. (See attached). The Town will be using this grant and $194,336 from the County Hospital Board to finance the project. Staff Analysis: While staff agrees that the Washakie County Medical Center Roof project is a good project, it fails to meet the requirements of an emergency. The project will not alleviate an emergency situation which poses a direct and immediate threat to health, safety, or welfare of the community as this has been an ongoing issue. The application for MRG funds for consideration today is approximately seventy-five percent (75%) of the total project costs. As a result, staff recommends this application be considered together with the other non-emergency applications at the June 19, 2014, State Loan and Investment Board meeting. Outside Agency Comments/Recommendations: The Wyoming Department of Health did not comment on the emergency status of the project but did recommend funding the MRG Application. (See attached).

of 2

FUNDING BALANCE

Chapter 3 MRG funding available (After May 6, 2014 SLIB) 3,992,808Recommended (June 5, 2014 SLIB) 0Balance of Chapter 3 funding (After June 5, 2014 SLIB) 3,992,808

DIRECTORS RECOMMENDATION: The Director recommends the Board defer the Washakie County application for emergency Mineral Royalty Grant funding to the June 19, 2014, State Loan and Investment Board meeting. BOARD ACTION: The Board Denied the Directors recommendation and Approved the Emergency Mineral Royalty Grant funding for $583,009 for Washakie County.

Office of State Lands and Investments

SUMMARY FORM

Applicant: County of Washakie

Project Name: Washakie Medical Center Roof- EMERGENCY

Type of entity the applicant is: County Population of applicant (City or Town) : 8,533

Percentage of the applicant's population directly served by the project: 100

Applicant's submitting multiple applications must establish priority ranking: Priority # of

Brief description of the project and why applicant needs the project:

(Attach additional pages if needed, must be legal size) Pages attached I :;

PROJECT DESCRIPTION:

* Replace 38,510 SF of prematurely failing roof system-2012 Facilities Evaluation Report noted systems installed in

1994-95 would be adequate for 3-5 years (replacement 2015-2017). Systems installed 1999 and newer projected to be

adequate 5-8 years or longer (2017-2020)

*Roof insulation packages somewhat discontinuous, most likely reducing the overall effective R-value of the roof assembly to well below modern day R-28 requirements.

*The Hypalon membranes have deteriorated more rapidly than predicted. Most likely due to the modifications J.P.

Stevens made to their Hypalon membrane formula during the time frame these roofs were installed . Given the recent

failures and the apparent accelerated deterioration of the J.P ,Stevens Hypalon assemblies, CTA recommends they be

replaced as soon as possible

APPLICANT STATEMENT OF NEED:

*Washakie County has the third lowest valuation in the state, is the fifth least populated and is seventh from the bottom

on the list of sales tax distribution; leaving the county with a continuously tight budget. At the time of the 2013-2014

budget PIL T funding was uncertain. Washakie County consists of over 70 % State and Federal Lands along with acres of

land taxed as agricultural.

SEE ATTACHED PAGE:

Project Schedule: Estimated Start Date: 06/14/14

Estimated Construction End Date: 11/07/14

Is project needed to meet federal or state health and/or safety requirement? YeslZl No~

(If yes the applicant must provide the specific health or safety requirements the project will address)

Including but not limited to- CMS Conditions of Participation- 485.623 Physical plant and environment More specifically 485.623.(b).1 and 485.623.(b).4

List top three (3) Funding Sources, Amounts and Status of matching funds :

Funding Source Amount Status Amount Expended on Project County Hospital Board $194,336.00 Approved

Estimated total project cost: $777,345.00 Balance of Project incomplete: $777,345,00 Amount of grant funds requested: $583,009.00 Reimbursement Rate: 75.00%

Special District: Yes c=J No [ZJ The geographical area the special district covers and the date when the County Commissioners

formed the district If the applicant is water and sewer district or an improvement and service district, the narrative must

include the number and type of the lots the project will serve initially and the total number of lots in the district, and the current zoning of the district. For example, is the district zoned for residential use only or for commercial use or for a combination of uses?

http:583,009.00http:777,345.00http:194,336.00

APPLICANT STATEMENT OF NEED CONTINUED- County of Washakie

Washakie Medical Center is owned by Washakie County and all maintenance issues are

the responsibility of the county and the hospital board. Rent and county funds are the

only sources of revenue. In the past four budgets the hospital board has been allocated

only $324, 932 total from the county due to diminishing funds available. The premature

failure of the roof systems has left the county and hospital board without the necessary

funds to replace the roof at this time.

Total current available cash from the hospital board building fund is $136,823.91 (see

attached financials documenting match) The remainder of match will impact the board's

savings.

Washakie County's reserve account is approximately the amount specified as necessary

by statute and nothing more.

Fall of 2013, increasing number of leaks over portions of the facility. The leaks were more widespread with increasing severity. Entire seams failed as opposed to a single leak. 4- 50' rolls of EternaBond tape were used fall of 2013 to temporarily stop the worst leaks. Due to the corrugated decking and sloping of roof areas for drainage it is often

difficult to locate some of the leaks.

Areas impacted by the leaks include:

Chemo Infusion and Chemo Hood Room

Ortho Clinic

Lab- Blood Bank, Chemistry, Blood Draw, Microbiology

Radiology- MRI, CT, X-Ray, Mammography, Fluoroscopy, Ultrasound

Rehabilitation- PT, Wellness and Cardiac Rehab

Surgical Services- ambulatory, endoscopy, recovery, surgical suites, sterile processing

Dietary- kitchen and dining room

Office Areas, Computer Training Room and Supply Chain

Maintenance and IT- electrical switchgear, generator, main data closet

Issues due to the leaks include:

Infection Control issues caused by water damage

Patient, Visitor, and Employee safety risks due to water puddles as well as potential contact with electrical components in areas impacted by leaks ( lighting, medical equipment, computers, diagnostic equipment, etc.)

Risk of damage to expensive medical devices, diagnostic equipment, computer equipment, and electrical components.

Escalating costs of repairing damage to building interior.

http:136,823.91

.Jr:,t'" Wyoming Commit to your health. ~r. Department visit www.llealth wyo gOY

~ of Health

Thomas O. Forslund, Director Governor Matthew H. Mead

April 28, 2014

Dawn Karban Grant and Loan Officer Office of State Lands and Investments Herschler Building 122 W. 25th St Cheyenne, WY 82002

Dear Ms. Karban:

Washakie Medical Center Roof - Emergency

Thank you for the opportunity to review the emergency grant application from the Washakie Medical Center and Washakie County.

I would urge the granting of the application, as this is a repair project for a critical piece of the infrastructure of one of the state's Critical Access Hospitals. The continued degradation of the existing roof system jeopardizes many of the capabilities of this hospital. The loss of these capabilities could seriously impact the well-being of the county residents.

While the Office of EMS does not provide funding for this type of request, we are committed to the support of our hospitals as public health partners with common goals, and I hope the State Land Investment Board will be able to provide assistance.

Please feel free to contact me if I can be of any further assistance.

Wyoming Office of EMS Health Readiness and Response Section Public Health Division Wyoming Department of Health

6101 Yellowstone Rd Cheyenne WY 82009

E-Mail: [email protected] WEB Page: hUp://www.health.wyo.gov/sho/ems/index.html

Toll Free 1-888-228-8996 Main Number (307) 777-7955 FAX (307) 777-5639

Sincerely,

~i nap~, MS, N~ Manager

mailto:[email protected]

of 2

June 5, 2014 BOARD MATTER I-1 ACTION: Consider grant funding for eligible capital projects as certified to

the State Loan and Investment Board in Chapter 32 countywide consensus lists submitted to the Office of State Lands and Investments

AUTHORITY: Session Laws of Wyoming 2011, Chapter 88, Section 342 and

Session Laws of Wyoming 2012, Chapter 26, Section 324, and State Loan and Investment Board Rules, Chapter 32

ALTERNATIVES: Approve, Defer, or Deny County Consensus List Projects BACKGROUND: The State Loan and Investment Boards (Boards) Chapter 32 Rules and Regulations address the countywide consensus grant program created by the Wyoming State Legislature. [Session Laws of Wyoming 2011, Chapter 88, Section 342 and Session Laws of Wyoming 2012, Chapter 26, Section 324]. The $54M legislative appropriation became available to counties for project funding June 1, 2011 and July 1, 2012 respectively. ANALYSIS: For consideration are countywide consensus lists for BFY2011/2012 and BFY2013/2014 submitted by the following counties: Natrona and Platte. Pursuant to the Boards Chapter 32 Rules and Regulations, countywide consensus lists from these counties have been submitted for the Boards consideration and approval at todays meeting. Consensus list projects have been certified to the Board for approval by the County Commissioners and at least seventy percent (70%) of the incorporated population in these counties. Natrona County

Project Owner

Requested Project

Requested Amount BFY

Recommended Amount

Natrona County (Parks)

Nordic Trails Grooming Equipment 217,775 13 217,775

Total 217,775 217,775 County Consensus Block Grant Allocation Available 239,305 239,305

Balance 21,530 21,530 Platte County

Project Owner

Requested Project

Requested Amount BFY

Recommended Amount

Town of Glendo Glendo Street Project-Phase II 153,740 13 153,740 Total 153,740 153,740 County Consensus Block

Grant Allocation Available 355,776 355,776

Balance 202,036 202,036

of 2

Balance of County Consensus Block Grant Allocation Unobligated Appropriation as of April 30, 2014:

County Amount Biennium Big Horn 8,583 11 Big Horn 618 13 Carbon 1,938 13 Converse 19,345 11 Converse 222,779 13 Goshen 508 11 Goshen 14,760 13 Laramie 982 11 Laramie 122,217 13 Natrona 239,305 13 Niobrara 5,000 11 Platte 100,000 11 Platte 355,776 13 Sublette 528,953 11 Sublette 811,922 13 Sweetwater 60,000 13 Uinta 2,853 11 Washakie 803 13 Total Available 2,496,342 11/12 Biennium 666,224 13/14 Biennium 1,830,118 Total Available 2,496,342

DIRECTORS RECOMMENDATION: The Director recommends the Board approve the capital projects on the Natrona and Platte County certified countywide consensus lists with the following condition: It is the responsibility of all applicants who receive funding from Chapter 32, County Wide Consensus to comply with the provisions of W.S. 16-6-1001. BOARD ACTION:

cphelpBoardApproved

- -_.

County Wide Consensus Block Grant Application Form STATE LANDS & INVESTMENTSBFY13/14 Funding

JOINT RESOLUTION We, the undersigned Natrona County Board of Commissioners, hereby certify that the Board and at least seventy percent (70%) of the incorporated population within APR 28 2014Natrona County have reached agreement on the following project(s) to be funded under Chapter 26, Section 324 an,~ in compliance with rules promolgated by the State Loan and Investment Board, Chapter 32.

County Consensus List

Priority Listing: - ~ Available $ 4S9,305.00.

I A B C D E F G H I J K L M N 0

L-M E +G +1 Amount of C-iJ NIC

Grants, Loans, Amount of and Other Project not types of Percentage of Balance of Project Share funded after

! Total Total Funding previously Grant #, Loan #, Other Local Match Local Match Other Match Total Project ProjE:c~ requested from consensus Jist Percentage of Estimated Secured & in secured Informatic n for Previously If any If any If any Already needing this consensus funding project not yet

Project Owner Project Name Project Cost place funding secUied funding (Please provide detail) Other Match (Please provide detail) Funded funding list request funded

Natrona County Parks PB400 XC Ski Trail Groomer 311,000.00 93,225.00 93,225.00 County General Fund Allocation 29.98% 217,775.00 217,775.00 -

-

Totals: S 311,000.00 $ 93,225.00 $ $ 93,225.00 S $ 217,775,00 Paoe 1 Consensu:.i Total : $ 217,775.00 S 217,775.00

/'l Page 2 Consens", Total: $ A Balance after Priority Listing: $ 211,530.00 Funds Available

Signature Sign,lture

I(Title - Title Title Titi~

Signature Signature Signature Signature

Title Title Title Tit!e

Signature Signature Signature Signature

Title Title Title Titia

Signature Signature Signature Signllture

Title Title Title Title


SUMMARY FORM

Applicant: Natrona County Parks Dept

Project Name: Nordic Trails Grooming Equipment

Type of entity the applicant is: County Population of applicant (City or Town): 74,450


Applicant's submitting multiple applications must establish priority ranking: Priority # of 1


(Attach additional pages if needed, must be legal size) Pages attached c::=J

In the fall of 2004, the Natrona County Parks Dept purchased an '03, 1O-ft wide Pisten Bully (PB) 100 trail groomer,

which was adequate when we groomed about 10 miles of Nordic trails. Currently, we groom over 25 miles of trails from

early November to the end of March.

Grooming machines are specialized, and thus, very expensive to operate and maintain. Our staff endeavors to

achieve machine reliability and readiness as close to 100% as possible, to avoid down time or missed grooming shifts.

Preventative maintenance is paramount. Wear parts and consumables require change-out per Mfr recommended

intervals. The PB1 00 is also on standby for emergency search-and-rescue operations for the Natrona County Sheriffs

Office.

While the PB100 has performed admirably for 11 years, it's simply not designed to average 12-1500 miles groomed; 15-1800 gallons of diesel fuel used; and, 3-400 hours accumulated per ski season . This wear-and-tear, coupled with difficult terrain and ever-drifting snow has resulted in increased maintenance and repair costs. Last year, we discovered cracks in the frame at the rear axle mounting points and in one of the axle tubes.

Casper Mtn's annual snowfall normally exceeds 20 feet; some drifts exceed 50 feet deep. Conditions such as these

are more manageable with a larger "full-size" machine. The 14-ft wide PB400 is designed mainly for Alpine grooming

operations, capable of setting 2 classi c tracks and a 9-ft wide skate lane in a single pass. Our PB100 can only set a

single classic track and a 7 -ft skate lane per pass, which is inadequate to meet the 4-meter trail width requirement for

USSA events. A Pisten Bully 400 snow grooming machine would be a cost-effective benefit by allowing Parks crews to

groom more trails in less time, and providing a safer, more enjoyable experience for our users.



Is project needed to meet federal or state health and/or safety requirement? YesG No~


List top three (3) Funding Sources, Amounts and Status of matching funds:

Funding Source Amount Status Amount Expended on Project

SLlB-CWC $217,775.00 Pending $0.00

County General Fund $93,225.00 Approved

Estimated total project cost: $311,000.00

Balance of Project incomplete: $311.000.00

Amount of grant funds request~: $217,775.00

Reimbursement Rate: y . .m% 1) ,:> Special District: Yes 0 No [2]

The geographical area the special district covers and the date when the County Commissioners formed the district

If the applicant is water and sewer district or an improvement and service district, the narrative must include the number and type pf the lots the project will serve initially and the total number of lots in the district, arid the current zoning of the district. For example, is the district 7.oned for residential use only or for commercial use or for a combination of uses?

http:217,775.00http:311.000.00http:311,000.00http:93,225.00http:217,775.00

County Wide Consensus Block Grant Application Form STATE LANDS & INVESTMENTSBFY13/14 Funding

JOINT RESOLUTION We, the und...igne


SUMMARY FORM

Applicant: Town of Glendo

Project Name: Glendo Street Project - Phase II

Type of entity the applicant is: Town Population of applicant (City or Town): 205


Applicant's submitting multiple applications must establish priority ranking : Priority # of 1


(Attach additional pages if needed, must be legal size) Pages attached I :; I

The Town of Glendo has been making an ongoing effort to maintain streets throughout the town. The high cost of street

repairs, coupled with a limited budget, has made it necessary to phase our projects. This year we hope to use this

Consensus money, Specific Purpose Tax money and town funds as a match for an MRG grant, allowing us to do twice

the work. Attached is an engineer's cost estimate and rankings for six priorities, as well as the detailed cost estimates for

the number one and two priorities. This information was provided by Lynn Hill, DOWL-HKM .

The number one priority, 3rd Street, is a major road to our school. This road is heavily traveled by buses and parents

picking up children at school. The number two priority is the road in front our senior center. This road also receives a lot

of traffic. In addition to local traffic, during summer months Glendo serves as a gateway for Glendo State Park and

Glendo Reservoir. Safety concerns coupled with traffic, make maintaining our streets an ongoing effort.

The town goes before the State Land and Investment Board in June with our MRG request. After the town knows the

outcome of this grant request, we can begin one or more phases of the project.



Is project needed to meet federal or state health and/or safety requirement? Yes.o. No~


List top three (3) Funding Sources, Amounts and Status of matching funds:

Funding Source Amount Status Amount Expended on Project

MRG Grant $470,835.00 Pending $0.00

Specific Purpose Tax $180,000.00 Al2proved $0.00 County Consensus Funds $153,740.00 Pending $0.00

Estimated total project cost: $870,835.00 Balance of Project incomplete: $870.835.00 Amount of grant funds requested: $153,740.00 Reimbursement Rate: v.u5o/o 11!o Special District: Yes c=J No [Z]

The geographical area the special district covers and the date when the County Commissioners formed the district

If the applicant is water and sewer district or an improvement and service district, the narrative must include the number and type of the lots the project will serve initially and the total number of lots in the district. and the current zoning of the district. For example, is the district zoned for residential use only or for commercial use or for a combination of uses?

http:153,740.00http:870.835.00http:870,835.00http:153,740.00http:180,000.00http:470,835.00

of 2

June 5, 2014 BOARD MATTER J-1 ACTION: Consider one application for funding from the Court Security

Grant Program AUTHORITY: 2014 HEA 41, Section 328 ALTERNATIVES: Approve or Deny Grant Request BACKGROUND: The Court Security Funding Program was authorized during the 2014 Budget Session of the Wyoming Legislature (2014 Wyo. Sess. HEA 41, Section 328). The 2014 legislation created the Court Security Funding Program and authorized the State Loan and Investment Board (Board) to issue grants to Fremont and Sweetwater County for court security improvements including the purchase of security equipment within courthouses or construction or modification of facilities. The legislation requires the Counties have an equal amount of matching funds from a non-state source. The Board is required to make their funding recommendations based on the following:

1. Imposition of local taxes; 2. Demonstration of previous financial commitment to court security initiatives; 3. Adaption of a complete operational plan for court security in accordance with court

security commission standards; 4. Demonstration of need for facilities, including additional judicial resources as

determined by the Supreme courts Weighted Caseload studies; and, 5. Recent and serious security breaches or issues which cannot be adequately

addressed by available county funds or resources. The Court Security program is supported by a $6 million appropriation from the General Fund. Three million is effective immediately while an additional $3 million will not be available to award until July 1, 2014. ANALYSIS: Staff reviewed Fremont Countys application using the above listed legislative requirements for the program.

1. County has not imposed any local taxes. 2. County demonstrated previous financial commitment with a partial remodel to

control access and traffic flow into the building. 3. County provided their Emergency and Court Security Procedures Manual, which

appears to be in accordance with court security commission standards. 4. Staff reviewed the Wyoming District Court Judicial Workload Assessment Model for

FY 2013 by Courthouse for Fremont County and it showed 928 in total filings for a weighted workload in FTE of 1.23 as compared to Sweetwater Countys 1,520 in total filings and a weighted workload in FTE of 2.07.

5. During the summer of 2012, a bullet fired from a handgun pierced the exterior North wall of the building, passed completely through the wall and entered the courtroom.

The estimated total cost of the project is $4,929,700 and Fremont County is requesting a 50% grant, $2,464,850, from the Court Security Program to help build a new justice center in Riverton. The new justice center will house the Riverton Circuit Court, Fremont County Attorney, and the Riverton Division of the Fremont County Sherriffs Office. The new justice center will replace the outdated building that is currently being used as the courthouse. (See attached for additional information). The County has proposed to match this grant with $2,220,515 from their General Fund, a $144,335 Countywide Consensus (CWC) grant and the donation of land that the new justice center will be built on. The application valued the land at $100,000; however, an appraisal performed by Mike McDonald valued the land at $95,000 as of May 17, 2014.

of 2

Since the legislation requires matching funds be from non-state sources, the Countys proposed matching funds must be reduced to account for the ineligibility of the CWC grant, as this is considered state funding. Additionally, the amount of matching funds must be adjusted down related to the decrease in the projected land valued submitted on the application and the actual appraised value.

Adjusted Fremont County Matching Funds Fremont County General Fund $ 2,220,515 Land Value $ 95,000 Total Matching Funds $ 2,315,515

With these adjustments the total amount of non-state matching funds is $2,315,515, which is the maximum amount of grant the County is eligible to be awarded. DIRECTORS RECOMMENDATION: The Director recommends that the Board approve funding for the Fremont County Justice Center project totaling $2,315,515. BOARD ACTION: The Board Approved funding in the amount of $2,565,515 contingent on the office receiving a new resolution documenting required matching funds.


SUMMARY FORMApplicant: Fremont County

Project Name: Fremont County Justice Center

Population of applicant (City or Town): 40000

1. Have local taxes been imposed for the purpose of funding court security? YE] NJ~

If yes, please provide copy of ordinance to substantiate or describe other local taxes imposed tosupport court security.

2. Has complete operational plan for court security been adopted in accordance with Court SecurityCommission standards? Y~1 NEJIf yes, please provide a copy of the operational plan and a letter from Commission to substantiate.

If no, please explain:

3. Have there been any recent and serious security breaches or issues which cannot be adequatelyaddressed by available county funds or resources? Y~ NE]

If yes, please explain: See attachment

Brief description of the project and why applicant needs the project:(Attach additional pages if needed, must be legal size) Pages attached

Please address the following items in the project description:

1. Demonstration of previous financial commitment to court security initiatives.2. Demonstration of need for facilities, including additional judicial resources as determined by the

Supreme Courts weighted caseload studies.

Project ScheduleEstimated Start Date: 06/14/14Estimated Construction End Date: 06/14/15

List all Funding Sources, Amounts and Status of matching funds:

Funding Source Amount Status Amount Expended on ProjectFremont County $2,220,515.00 Approved 351073

SLIB Consensus funding $144,335.00 Approved 28867

Value of land $100,000.00 Approved Value of land

Court Security grant $2,464,850.00 Pending 0

Estimated Total Project Cost: $4,929,700.00Balance of Project Incomplete: $4,449,760.00Amount of Grant Funds Requested (CANNOT exceed 50%): $2,464,850.00

Fremont County is requesting funding through the SLIB Court Security Grant for construction ofa new Fremont County Justice Center which will house the Fremont County Circuit Court, theRiverton Division of the Fremont County Sheriffs Office and the Fremont County Attorney. Thecurrent building that houses these entities is similar in construction to a Quonset hut. When itwas constructed many years ago it was intended to be an exhibition hail, not a home for thejudicial system of Fremont County. There is no available space for the safe transfer of prisonersmaking court appearances and also no adequate holding area to effectively separate inmates fromcitizens and court staff With a thin metal skin there is no protection against external threatswhich was demonstrated in the summer of 2012. By way of background, sometime betweenSaturday July 28th and the early morning hours of July20, a bullet fired from a handgun piercedthe exterior North wall of the building, passed completely through the wall and entered thecourtroom. A fragment of the bullet then hit a barrier wall, splintered the oak window casing andfell to the floor. But for the partition it would have struck somewhere in the gallery. Thisincident demonstrates the ongoing security issues with the building. In a report from David C.Coulter, a court security expert written in an audit report to the Fremont County Commissionersin 2007, Ms. Coulter clearly describes the security issues inherent with this building. Thefollowing quotes are excerpts from his report:

It was noted in the first survey that this facility is not a courthouse by design, but a convertedfair exhibition hall. This fact alone presents serious problems with any proposal.

Although many improvements have been made to the Riverton Circuit Court Facility it remainsfar from secure in many respects. The building is a thin metal shell with no protection from smallarms fire or explosive devices.

Fremont County must consider replacing the Riverton facility with a new and up-to-datecourthouse or justice center that is designed solely with the unique needs of this community inmind. The current facility has far outlived its useflulness and nearly everything has been donewhich can be done to secure it with a few exceptions

The building was partially remodeled in 2011 to control access and traffic flow into thebuilding. Fremont County deputies are posted at the entrance for security so the building isprotected from internal threats. However, as the bullet hole proves, there are external threatswhich must be guarded against and there is simply no feasible permanent solution for theexisting structure.

Circuit Court Judge Wes Roberts called an emergency meeting of the Court Safety andSecurity Committee after the bullet hole was discovered. At the conclusion of the meeting it wasdecided the Sheriff would have Con-ex boxes placed around and along the exterior walls of thecourt offices and courtroom. The three boxes (large steel metal containers approximately 9 feethigh, 7 feet wide and 45 feet long) were in place on August 2, 2012. These boxes only protecteda portion of the building and were temporarily loaned rent free to Fremont County. The Countythen applied for and received finding through the SUB Emergency Grant Program for theplacement of an additional seven boxes to completely surround the building. The fbnding onlyallows the boxes to remain in place for a period of up to 24 months. Fremont County wouldprefer not to incur additional costs behind this timeframe, especially when money could be betterspent on a permanent facility.

Whether a deliberate attack or a random act of violence this incident represents an attackagainst a judge and the entire civil and criminal justice system and demonstrates the vulnerabilityof the building. The building is located on South Federal which has a daily traffic count of23,000 vehicles and is also bordered by the Fremont County Fairgrounds to the south, anotherCounty building to the north and a parking lot to the west. The open area surrounding thebuilding and the large amount of traffic would make it very easy for someone to fire a handgun

while driving by, and if done during business hours there is a high likelihood that someone insidecould be struck.

After Judge Roberts reported the incident to Chief Justice Marilyn Kite she immediatelytook steps to address the matter with members of the Wyoming Supreme Court and theWyoming Court Security Commission. Subsequently, a delegation consisting of Chief JusticeKite, members of the Wyoming Court Security Commission, the Wyoming Office of HomelandSecurity and the Board of Judicial Policy and Administration conducted a site visit to view thecurrent facility. They were in disbelief that a Circuit Court was even conducting business in suchan extremely vulnerable facility.

The subcon,jyfi~e~ of the Court Safety and Security Committee for the Riverton facilityconsidered four options to secure the building but all of them were extremely expensive and tooksignificant time to install. The Con-ex boxes were the fastest most cost-effective stop-gapsolution to the security threat. However, they are not a pennanent solution and the FremontCounty Commissioners have been exploring permanent solutions. Their process of discoveryrevealed only one possible existing building that could be suitable for remodeling. After apreliminary study by an architect it was determined that remodeling would be as expensive as anew structure and still not provide an adequate facility.

Fremont County is requesting $2,464,850 which represents 50 percent of the total projectcost of $4,929,700. Fremont County will provide its 50 percent match through three sources.$2,220,515 has been approved from the General Fund along with $144,335 of Consensus BlockGrant Funds. In addition, the County is allocating 2 to 3 acres of a 110 acre parcel of landlocated near the intersection of Major Avenue and Gasser Road in Riverton. The value of theland to be used for the Justice Center is approximately $100,000.

Assuming an award notification date of April 2014, the County will immediatelyadvertise for bids and begin construction as soon as possible to take advantage of the remainingconstruction season. The Fremont County Commissioners have already engaged the services ofan architect to provide the complete design and plans for this facility. It is anticipated that thestructure will be fully enclosed by December 2014 with work continuing through the winter.The project will be completed around June 2015. Grant draw downs will occur as bills arepresented.

Fremont County has a population in excess of 40,000 and the City of Riverton has apopulation close to 10,500. Given that Circuit Court is there to serve these citizens, this projectwill benefit all residents of the County. However, approximately 70 to 75 percent of the Countypopulation is served by Riverton Circuit Court due to the diverse geography. Specifically,employees of the three entities housed there, inmates making court appearances and allcourtroom visitors including jurors will benefit from having a safer, more secure envirorunent.

For fixrther information regarding the safety issues involved, please see the FremontCounty Emergency Circuit Court Fortification grant submitted in submitted 2012 under the SUBEmergency Grant program.

0~

-~

my -~ In-l z

rn r r

; ~-~ ~;z --

-n zI.se5...

I.I..

June 5, 2014 Board Matter K-1

BOARD OF DEPOSITS

ACTION: Approval of Time Deposit/Open Account Interest Rate

AUTHORITY: W. S. 9-4-801

ALTERNATIVE: Approve or deny interest rate for TDOA Program

ANALYSIS:

On a quarterly basis, the Board of Deposits approves the rate of interest banks are required

to pay to the state for funds enrolled in the Time Deposit/Open Account (TDOA) Program.

The State Treasurer has recommended an interest rate of 0.12% which is the average

monthly yield on the 1-YR Treasury Bill for the prior full calendar quarter.

DIRECTOR'S RECOMMENDATION: The State Treasurer recommends that the Board

accept his recommendation for the TDOA rate to be established by using the 1-YR Treasury

Bill average yield for the full calendar quarter (January 2, 2014-March 31, 2014). The rate of

0.12% will be for the First Quarter of TDOA contract year 2014-2015 to be effective July 1,

2014 through September 30, 2014.

BOARD ACTION:

cphelpBoardApproved

Daily Treasury Yield Curve Rates For Board pf Deposits Meeting June 5, 2014

Date 1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr 30 yr1/2/2014 0.01 0.07 0.09 0.13 0.39 0.76 1.72 2.41 3 3.68 3.921/3/2014 0.02 0.07 0.1 0.13 0.41 0.8 1.73 2.42 3.01 3.69 3.931/6/2014 0.01 0.05 0.08 0.12 0.4 0.78 1.7 2.38 2.98 3.66 3.91/7/2014 0.01 0.04 0.08 0.13 0.4 0.8 1.69 2.37 2.96 3.64 3.881/8/2014 0 0.05 0.08 0.13 0.43 0.87 1.77 2.44 3.01 3.67 3.91/9/2014 0.01 0.04 0.06 0.13 0.44 0.86 1.75 2.41 2.97 3.62 3.88

1/10/2014 0.01 0.05 0.06 0.12 0.39 0.77 1.64 2.29 2.88 3.54 3.81/13/2014 0 0.03 0.06 0.11 0.39 0.74 1.6 2.25 2.84 3.52 3.771/14/2014 0 0.04 0.06 0.11 0.39 0.78 1.65 2.3 2.88 3.54 3.81/15/2014 0.01 0.04 0.06 0.13 0.41 0.81 1.68 2.33 2.9 3.55 3.811/16/2014 0.01 0.04 0.07 0.11 0.41 0.8 1.66 2.3 2.86 3.52 3.771/17/2014 0.01 0.05 0.07 0.11 0.4 0.79 1.64 2.27 2.84 3.5 3.751/21/2014 0.01 0.04 0.07 0.12 0.4 0.81 1.67 2.29 2.85 3.5 3.741/22/2014 0 0.04 0.07 0.11 0.44 0.85 1.72 2.34 2.87 3.52 3.751/23/2014 0.01 0.04 0.05 0.11 0.39 0.77 1.62 2.24 2.79 3.44 3.681/24/2014 0.04 0.04 0.06 0.11 0.37 0.75 1.58 2.2 2.75 3.4 3.641/27/2014 0.04 0.05 0.07 0.11 0.37 0.76 1.61 2.24 2.78 3.43 3.671/28/2014 0.05 0.05 0.07 0.11 0.38 0.75 1.59 2.22 2.77 3.43 3.681/29/2014 0.04 0.04 0.07 0.11 0.36 0.71 1.52 2.15 2.69 3.36 3.621/30/2014 0.04 0.02 0.06 0.1 0.36 0.72 1.55 2.19 2.72 3.4 3.651/31/2014 0.03 0.02 0.06 0.1 0.34 0.69 1.49 2.13 2.67 3.35 3.61

2/3/2014 0.04 0.05 0.07 0.11 0.3 0.64 1.44 2.07 2.61 3.29 3.552/4/2014 0.12 0.06 0.07 0.12 0.31 0.65 1.46 2.09 2.64 3.33 3.592/5/2014 0.13 0.07 0.07 0.12 0.32 0.66 1.5 2.14 2.7 3.4 3.662/6/2014 0.07 0.07 0.08 0.13 0.33 0.69 1.52 2.17 2.73 3.42 3.672/7/2014 0.1 0.08 0.09 0.12 0.3 0.66 1.47 2.13 2.71 3.39 3.67

2/10/2014 0.07 0.07 0.1 0.12 0.32 0.66 1.48 2.13 2.7 3.38 3.662/11/2014 0.05 0.05 0.1 0.12 0.35 0.71 1.54 2.19 2.75 3.42 3.692/12/2014 0.01 0.05 0.09 0.12 0.35 0.74 1.59 2.23 2.8 3.45 3.722/13/2014 0.01 0.03 0.08 0.12 0.32 0.7 1.51 2.16 2.73 3.4 3.72/14/2014 0.01 0.02 0.07 0.11 0.32 0.71 1.53 2.17 2.75 3.41 3.692/18/2014 0.02 0.05 0.08 0.12 0.31 0.67 1.5 2.14 2.71 3.4 3.682/19/2014 0.04 0.06 0.09 0.11 0.33 0.69 1.53 2.17 2.73 3.42 3.712/20/2014 0.02 0.05 0.08 0.12 0.34 0.72 1.57 2.2 2.76 3.44 3.732/21/2014 0.02 0.05 0.08 0.12 0.33 0.71 1.56 2.19 2.73 3.41 3.692/24/2014 0.02 0.05 0.08 0.11 0.35 0.72 1.57 2.2 2.75 3.42 3.72/25/2014 0.04 0.05 0.08 0.11 0.34 0.7 1.53 2.16 2.7 3.37 3.662/26/2014 0.04 0.05 0.08 0.11 0.33 0.68 1.5 2.12 2.67 3.34 3.632/27/2014 0.04 0.04 0.07 0.11 0.33 0.68 1.49 2.11 2.65 3.31 3.62/28/2014 0.04 0.05 0.08 0.12 0.33 0.69 1.51 2.13 2.66 3.31 3.59

3/3/2014 0.04 0.05 0.08 0.12 0.32 0.66 1.46 2.07 2.6 3.27 3.553/4/2014 0.06 0.05 0.08 0.12 0.33 0.71 1.54 2.17 2.7 3.36 3.643/5/2014 0.06 0.06 0.09 0.13 0.33 0.71 1.54 2.16 2.7 3.36 3.643/6/2014 0.06 0.05 0.08 0.12 0.37 0.73 1.57 2.2 2.74 3.4 3.683/7/2014 0.06 0.06 0.09 0.13 0.38 0.79 1.65 2.27 2.8 3.45 3.72

3/10/2014 0.05 0.05 0.08 0.12 0.37 0.79 1.64 2.26 2.79 3.45 3.733/11/2014 0.06 0.05 0.08 0.13 0.37 0.79 1.62 2.25 2.77 3.43 3.73/12/2014 0.05 0.05 0.08 0.12 0.37 0.78 1.59 2.2 2.73 3.38 3.663/13/2014 0.06 0.05 0.08 0.12 0.34 0.74 1.53 2.14 2.66 3.31 3.63/14/2014 0.05 0.05 0.08 0.12 0.36 0.74 1.55 2.14 2.65 3.3 3.593/17/2014 0.05 0.06 0.08 0.13 0.38 0.77 1.58 2.19 2.7 3.34 3.633/18/2014 0.07 0.05 0.07 0.13 0.36 0.75 1.56 2.16 2.68 3.33 3.623/19/2014 0.07 0.06 0.09 0.15 0.47 0.91 1.75 2.31 2.78 3.39 3.663/20/2014 0.06 0.06 0.09 0.14 0.45 0.9 1.73 2.31 2.79 3.4 3.673/21/2014 0.05 0.06 0.08 0.14 0.45 0.91 1.73 2.3 2.75 3.34 3.613/24/2014 0.05 0.06 0.08 0.14 0.47 0.93 1.76 2.31 2.74 3.31 3.573/25/2014 0.05 0.05 0.08 0.13 0.47 0.92 1.76 2.32 2.75 3.32 3.593/26/2014 0.05 0.05 0.07 0.12 0.45 0.89 1.7 2.27 2.71 3.29 3.553/27/2014 0.02 0.04 0.06 0.12 0.45 0.9 1.7 2.26 2.69 3.25 3.523/28/2014 0.03 0.04 0.06 0.13 0.45 0.93 1.74 2.31 2.73 3.29 3.553/31/2014 0.03 0.05 0.07 0.13 0.44 0.9 1.73 2.3 2.73 3.31 3.56

Average 0.04 0.05 0.08 0.12 0.37 0.76 1.60 2.23 2.76 3.41 3.68

http://www.ustreas.gov/offices/domestic-finance/debt-management/interest-rate/yield_historical.shtml

June 5, 2014 BOARD MATTER K-2

BOARD OF DEPOSITS

ACTION: Report of Bank Balances on Deposit and Collateral

AUTHORITY: W. S. 9-4-801

ALTERNATIVE: Review Collateral report.

ANALYSIS:

On a quarterly basis, the State Treasurer is to provide a report to the Board of

Deposits indicating the extent to which state depositories have provided collateral in

compliance with W.S. 9-4-801 through 9-4-815.

Attached you will find a summary of bank deposits and collateral as of April 2014.

DIRECTOR'S

Documents

AGENDA TO THE STATE LOAN AND INVESTMENT …slf-web.state.wy.us/osli/boardmatters/2014/0614/SLIB/SLIBAll.pdf · Chapter 3 Emergency MRG for Washakie County ... are consistent with