The Missouri Department of Natural Resources (DNR) is responsible for managing the Clean Water and Drinking Water State Revolving Fund (SRF) programs.  Funds from these programs are used to install, upgrade and replace the infrastructure needed to prevent water pollution and provide safe drining water.  The bonds used to fund the projects are amortized for a maximum of 20 years and must be tracked by the Clean Water and Drinking Water State Revolving Fund Programs.  The programs were managed and tracked by the State’s accounting system, electronic databases and paper records which was labor intensive and time consuming.  A steady increase in the number of projects and financial reporting requirements exceeded the capacity of the current system.

The SRF system that was developed by RKV Technologies produces financial statements that are compliant with four established accounting standards, exchanges data with the State’s accounting system, Trustee banks, paying agents and financial advisor.  The benefits to the state include time and labor efficiencies by replacing legacy systems and paper-based work flows and higher productivity as the DNR staff keeps pace with the rising number of SRF projects.