Ohio Department of Transportation State Infrastructure Bank Annual Financial Report : Federal Fiscal Year 2007
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Ohio Department of Transportation State Infrastructure Bank Annual Financial Report : Federal Fiscal Year 2007

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English

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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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