Financial Review Materials

As a prerequisite to the attainment of a State Revolving Fund loan, the financial staff of the State Revolving Fund Loan Program (SRF Loan Program) reviews the applicant's statement of changes in net assets and other financial statements to verify that user charge rates can produce adequate revenues to sufficiently sustain the projected costs of operation and maintenance, depreciation, and debt service. Other review procedures include, but are not limited to, ratio calculations, cash flow analysis, and rate structure analysis.

The financial review materials that must be submitted to the SRF Loan Program are:

  • The three most-current years audited financial statements
  • The existing adopted user charge rate resolution OR the proposed rate resolution