RCAP PRODUCES NEW GUIDE TO HELP USDA RURAL UTILITIES SERVICES BORROWER COMMUNITIES

The Rural Community Assistance Partnership (RCAP) has released a new guidebook to assist recipients of loans from the U.S. Department of Agriculture (USDA) Rural Utilities Services (RUS) in fulfilling the financial reporting and management requirements of their loans.

RCAP’s USDA Rural Utilities Service Borrower’s Guide: A How-to for Water and Wastewater Loans from USDA Rural Development is aimed at small, rural communities that have received funds from the RUS Direct Loan and Grant for Water and Waste program.

The guide offers help in two ways:

  • Borrowers are required to submit regular management reports to RUS.  The guide provides step-by-step instructions for filling out all of the forms and explains the purpose of each set of forms that make up a report to the lender.  Blank and example forms are available in electronic form on a CD that accompanies the guide and can be downloaded from the RCAP website.
  • The guide includes two sections with ways to manage a financially healthy utility. One section summarizes the conditions of RUS loans and reinforces the management practices that borrowers must adhere to. The other section provides ways to look at and think about the financial health and sustainability of a utility, both in the short- and long-term.

The guide is designed for the person responsible for carrying out the administrative task of compiling the regular financial reports to RUS and the management and governance of the utility in their overall responsibilities for the financial health and sustainability of the water system.

The USDA Rural Utilities Service Borrower’s Guide and accompanying forms are available at:

www.rcap.org/pubs/usdaborrguide.

The guidebooks are being funded as part of a special grant of ARRA funds secured by RCAP and furnished by the U.S. Department of Agriculture-Rural Development in 2010.  The main distribution of the guides is through the field staff of RCAP’s regional partners. Communities can also obtain the guides as PDFs on the RCAP website at www.rcap.org/commpubs. Communities can view the guides, download and save a copy on their own computers, or print the guides themselves from that URL.

 

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