1. Using Multiple Funding Sources
The Funding Puzzle
Using Multiple Funding Sources

2. 2009 HB 185 Merger of 5 Mutual Domestics in 2010 Merger of 3 More
Mutuals in 2012
Purchase of a Private
System in 2015
3 Separate Service Areas Totaling Approx. 100 Sq. Miles
Water Service to ±5,000 Connections, 14 Colonias
Wastewater Service in portions of 2 Service Areas

3. $40,034,580 – 16 Projects + a Consolidation Loan

4. $ POTS OF MONEY Variables: NM Capital Outlay NMFA Planning Funds
NM Water Trust Board $
Colonias Infrastructure
Public Project Rev. Loan
Variables:
Rural Infrastructure Prog.
Size
Grant/Loan ratio
Allowable Scope
Rules
Timeframe
Project Oversight
Match Requirements
Planning Documents
Drinking Water SRLF
Clean Water SRLF
CDBG Block Grant
CDBG Planning Grant
USDA Rural Development
USDA-RD CF

5. $ $ Regulatory Oversight Funding Agencies Funding Sources
Consultants
Procurement Regulations
Audit Requirements
Governing Body
Customers
Stakeholders
Contractors $ $

6. Single Funding Source Projects
1 Set of application documents
1 Set of requirements
1 Deadline
1 Agency to deal with
Simpler project accounting
Less complexity may result in faster completion
May be difficult to fully fund larger projects
Funding agency requirement may limit scope
May increase local cost due to match requirements

7. Multiple Funding Source Projects
Multiple applications
More complexity may take extra time
May require planning documents, consultant contracts & contract documents in multiple formats
Multiple deadlines & requirements
More complex accounting
Fully fund larger projects & reduce total costs by getting them done sooner, perhaps in a single phase
May result in more flexibility in scope
May be able to use one source as match funds for another

8. Timing is crucial with multiple sources
Availability of funds
Project Oversight
When are expenditures
eligible for reimbursement?
Tied to funding
May want to
expend all of one
source first to
simplify
Are funds available
when needed?
Application dates
For Additional
Project funds
Deadlines for expenditure
Get alternate bid items
built under existing contracts
Reversion/extension
Eligibility to apply

9. Berino/Mesquite-Del Cerro Water
System Improvements Project

10. Thank you! Karen Nichols, Projects Manager
extension 1018