The Schedule includes the activity of the Commission’s federal financial award program and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with requirements of the Compliance Supplement. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements (See Note 4).
On June 26, 2025, WSSC received an approval from the Maryland Water Quality Financing Administration (the Administration) for a loan of $5,805,375 in total, of which $1,700,000 is forgiven. This leaves a loan balance of $4,105,375 at an interest rate of 1.20% per annum. Principal loan repayment will begin on February 1, 2026. The purpose of the loan is for the replacement of watermain on Horizon Way in Prince George’s County, Maryland. As of June 30, 2025, WSSC had spent $1,133,140 towards the project. On November 21, 2024, WSSC received an approval from the Administration for a loan of $23,500,000 in total, of which $2,500,000 is forgiven. This leaves a loan balance of $21,000,0000 at an interest rate of 1.90% per annum. Principal loan repayment began on February 1, 2025. The purpose of the loan is for a construction project at the WSSC Piscataway Wastewater Treatment Plant for BioEnergy equipment and systems. As of June 30, 2025, WSSC had spent $21,000,000 towards the project. On November 25, 2020, WSSC received an approval for a loan of $150,174,502 from the Administration at an interest rate of .40% per annum. Principal loan repayment began on February 1, 2023. The purpose of the loan is for construction for the comprehensive rehabilitation and replacement of sewer mains and manholes across the sanitary district. As of June 30, 2025, WSSC had spent $74,162,774 towards the project. On April 14, 2016, the Commission received an approval for a loan of $53,823,568 from the Administration at an interest rate of 1.40% per annum. Interest payment is paid semiannually and commenced on August 1, 2016. Principal loan repayment began on February 1, 2019. The purpose of the loan was for two construction projects at DC Water Blue Plains Wastewater Treatment Plant. The first project was a Tunnel Dewatering Pump Station at a cost of $7,124,995 and the second project was an Enhanced Clarification Facility at a cost of $46,698,573. As of June 30, 2025, the Commission had spent $53,823,568 towards the project.
The total expenditures in the Schedule are included as Bonds and notes payable in the Commission’s Balance Sheets and Capital Grant Contributions in the Commission’s Statement of Revenues, Expenses and Changes in Net Position for the year ended June 30, 2025.