Ohio Department of Transportation State Infrastructure Bank Annual Financial Report : Federal Fiscal Year 2007
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2007-01-01
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Abstract:The Ohio Department of Transportation is pleased to present the Federal ; Fiscal Year (FFY) 2007 State Infrastructure Bank (SIB) Annual Financial ; Report. ; The portfolio of the FFY 2007 SIB had a total of 13 loans and 1 bond in the ; amount of $17.8M. Since the beginning of the program, the Ohio SIB has ; issued 107 loans and 1 bond totaling over $301.9M. At the end of the ; Federal Fiscal Year, 90% of the bank had been loaned out to governmental ; entities. ; In December 2006 the SIB General Revenue Fund Bond program issued ; bonds for the Akron Canton Regional Airport in the amount of $6,845,000. ; The Department is currently considering a bond fund for the Title 23 portion ; of the SIB. ; This report contains a financial statement of the SIB and loan summaries ; for loans that closed during the federal fiscal year. The active project list ; contains loans that had an open encumbrance or an outstanding balance ; during the year. Also, there are graphs in the report that show the types of ; loans issued, fund balances and a state map showing the locations of the ; loans issued. ; The Ohio SIB has been audited for State Fiscal Year 2006 by the State of ; Ohio Auditor's office and complies with the Single Audit Act. ; To the best of our knowledge and belief, the enclosed data is accurate in all ; material respects and is reported in a manner designed to present fairly the ; financial position of the Ohio State Infrastructure Bank.
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Main Document Checksum:urn:sha-512:c0f741b992e06d2cf5c5fbef45c072696e8ea195d11673ff80dc2aa0476b7508aeeb1b2989fff2385a4440189d61dc256beccefe9cd8137990b1e25b8d71e104