Notes to SEFA
The Saint Paul Regional Water Services had federal expenses under five federal awards in 2024. The first federal award is the American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Fund (SLFRF), of $16,000,000 for lead pipe replacement. A subrecipient agreement signed and dated May 24, 2022, between the Saint Paul Regional Water Services and the City of Saint Paul with an initial award of $4,000,000 was amended twice. The first amendment was effective on February 9, 2023, with an additional $10,500,000 and the second amendment was effective on August 23, 2023, with an additional $1,500,000. A total of $4,138,089. was expended during fiscal year 2024, and the unexpended balance carried forward to fiscal year 2025 is $699,246. The second federal award is a Principal Forgiveness Grant of $250,000 passed through the MNPFA for lead service lines replacement. The Principal Forgiveness Grant is not required to be repaid with the Saint Paul Regional Water Services ’adherence to the terms of the agreement date June 24, 2022. Reimbursement during fiscal year 2024 totaled $250,000 for expenses incurred.The third and fourth awards are Capitalization Grants for Drinking Water State Revolving Funds, which are passed through the MNPFA, a component unit of the State of Minnesota. These awards are in the form of Drinking Water Notes Payable secured by Net Revenues of the Saint Paul Regional Water Services repaid over 20-year periods. Reimbursement during fiscal year 2024 totaled $70,521 for expenses incurred.The last federal award is the Infrastructure Investment and Jobs Act (IIJA) Lead Service Line Replacement (LSLR). Funds are passed through the MNPFA and are provided as combination of grant and grant anticipation note. SPRWS secured funding of $15,000,000 in 2023. The grant portion was $7,500,000 and the note portion was $7,500,000. The agreements and closing on the note were executed in fall of 2024. Reimbursement during fiscal 2024 totaled $1,034,899 for expenses incurred.