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News Update

RCAP produces guide for rural utilities services borrower communities

Staff report

The Rural Community Assistance Partnership released a new guidebook to assist recipients of loans from the U.S. Department of Agriculture Rural Utilities Services 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 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 new guide and accompanying forms are available at www.rcap.org/pubs/usdaborrguide. A list of the 10 other guides that will be produced and a description of each can be found at www.rcap.org/commpubs.

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