11/23/2009   5:17 am

Assistive Technology Loan Fund Authority (A02)

Mission Statement

The ATLFA will promote alternative funding resources for Virginians with disabilities to acquire assistive technology that can enhance their independence and improve their quality of life.

Vision Statement

To leverage capital to obtain assistive technology for all of those who need it.

Service Performance and Productivity

• Summary of current service performance
  The ATLFA currently provides guaranteed and non-guaranteed loans to creditworthy Virginians with disabilities. These are provided through direct loans up to $15,000 and through a partnership with SunTrust bank for loans over $15,000. The ATLFA has $11 million in loan fund capacity. It provides loans for assistive technology devices and services and telework equipment related needs.
• Summary of current productivity
  The ATLFA provides approximately $xxx annually in direct loans serving xxx number of individuals.

Initiatives, Rankings and Customer Trends

• Summary of Major Initiatives and Related Progress
  The ATLFA has set marketing of the program as it's major intiative for the coming years. The organization has changed it's brand to reflect this new identity. Our Board has dedicated a significant increase in our budget to promote the program statewide.
  Additionally, we are seeking lending partners to provide additional leveraging of our loans. We have contacted 2 new lenders and are in discussion at this time.
• Summary of Virginia's Ranking
  The ATLFA is the largest and one of the most successful Alternative Financing Programs in the country. This is evidenced by our loan volume, low default rate, and number of Virginians served. It is often identified as a model of excellence from which over 20 states have followed.
• Summary of Customer Trends and Coverage
  The ATLFA serves all Virginians with disabilities and the aging community. Both of these populations are increasing in size and certainly in need of assistive technology. Our program serves the entire state, all ages and all disabilities.

Future Direction, Expectations, and Priorities

• Summary of Future Direction and Expectations
  It is expected that as we benefit from increased marketing and outreach the demand for loan financing with grow as well. This may result in the need for continued resource development to meet that need and to adapt our program infrastructure as well. At this time we are well prepared for this anticipated growth.
• Summary of Potential Impediments to Achievement
  Identifying our constituency continues to be a challenge as all too often people with disabilities are not well connected to their communities and fall through cracks. A constant and vigilant approach of reaching out to these individuals is necessary to achieve our goals of growth.

Statutory Authority

§ 51.5-54. Declaration of purpose; Assistive Technology Loan Fund Authority established.
A. It is hereby found and determined by the General Assembly that there exists in the Commonwealth a need to provide assistance in the purchase of assistive technology equipment which is designed to enable persons with disabilities to become more independent or more productive members of the community with an improved quality of life.
B. To achieve the objectives of subsection A, the Assistive Technology Loan Fund Authority is hereby created, with such powers and duties as are set forth in this chapter, as a public body corporate and as a political subdivision of the Commonwealth.

Customers

Anticipated Changes To Agency Customer Base

[Nothing entered]

Partners

Products and Services

• Description of the Agency's Products and/or Services:
  Low Interest Loan Financing for Assistive Technology
  Consumer Counseling for Loan Application Assistance
  Assistive Technology Evaluation Fees
  Telework Equipment Loans
• Factors Impacting Agency Products and/or Services:
  [Nothing entered]
• Anticipated Changes in Products or Services:
  [Nothing entered]

Finance

• Financial Overview:
  The ATLFA has no state appropriated general funds. All funds are 100% state and federal matching grants that have been received over the past 5 years. Our investments do receive interest income which is required to be put into the matching funds account.

Human Resources

• Overview
  ATLFA employs a part time accountant, a full time Program Coordinator, and a full time Executive Director.
  All employees are hired by the organization, none are state employees.
• Human Resource Levels

  Effective Date	9/18/2007
  Total Authorized Position level	0
  Vacant Positions	0
  Current Employment Level	0.0
  Non-Classified (Filled)	0
  Full-Time Classified (Filled)	0		breakout of Current Employment Level
  Part-Time Classified (Filled)	0
  Faculty (Filled)	0
  Wage	0
  Contract Employees	0
  Total Human Resource Level	0.0		= Current Employment Level + Wage and Contract Employees

• Factors Impacting HR
  [Nothing entered]
• Anticipated HR Changes
  [Nothing entered]

Information Technology

• Narrative overview of the current state of IT in the agency:
  [Nothing entered]
• Narrative description of the factors impacting agency IT:
  [Nothing entered]
• Describe any anticipated or desired changes to agency IT:
  [Nothing entered]
• IT Current Services:

  	Cost - Year 1		Cost - Year 2
  	General Fund	Non-general Fund	General Fund	Non-general Fund
  Projected FY2010 VITA Service Fees	$0	$0	$0	$0
  Changes (+/-) to VITA Infrastructure	$0	$0	$0	$0
  Estimated VITA Infrastruture	$0	$0	$0	$0
  Specialized Infrastructure	$0	$0	$0	$0
  Agency IT Staff	$0	$0	$0	$0
  Non-agency IT Staff	$0	$0	$0	$0
  Other Application Costs	$0	$0	$0	$0
  Agency IT Current Services	$0	$0	$0	$0

  Comments:
  [Nothing entered]
• Proposed IT Investments

  	Cost - Year 1		Cost - Year 2
  	General Fund	Non-general Fund	General Fund	Non-general Fund
  Major IT Projects	$0	$0	$0	$0
  Non-major IT Projects From $100,000 - $1 Milliona Total Cost	$0	$0	$0	$0
  Non-major IT Projects Below $100,000 Total Cost	$0	$0	$0	$0
  Major IT Procurements - Stand-alone	$0	$0	$0	$0
  Non-major IT Procurements - Stand-alone	$0	$0	$0	$0
  Total Proposed IT Investments	$0	$0	$0	$0

• Projected Total IT Budget

  	Cost - Year 1		Cost - Year 2
  	General Fund	Non-general Fund	General Fund	Non-general Fund
  Agency IT Current Services	$0	$0	$0	$0
  Total Proposed IT Investments	$0	$0	$0	$0
  Agency Projected Total IT Budget	$0	$0	$0	$0

Capital

• Current State of Capital Investments:
  [Nothing entered]
• Factors Impacting Capital Investments:
  [Nothing entered]
• Capital Investments Alignment:
  [Nothing entered]

Goal 1

The ATLFA seeks to expand it capacity of loans provided by 50% over the next two years. This would mean up to 100 additional loans made by the organization.

• Elevate the levels of educational preparedness and attainment of our citizens.

• Provide public awareness and training to existing traditional and non-traditional funding sources throughout the Commonwealth on the programs and services of the ATLFA.
• Collaborate with public and private entities to coordinate the development of a statewide network of loan application partners that provide for the dissemination of information on ATLFA programs and services.

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