Notes to SEFA
The accompanying Schedule presents the expenditures of all the federal award programs of the City. The City's reporting entity is defined in Note 1 to the City's basic financial statements. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included in the schedule.
During the year ended December 31, 1991, the City was awarded a $600,000 Economic Adjustment Assistance grant from the U.S. Department of Commerce for the purpose of assisting businesses with economic development. EDA revolving loan fund (RLF) Grant 1 was matched $200,000 at the City level. Total Grant Awarded Total Grant Grant Amount City Match Awarded Federal Share EDA RLF Grant 1 $600,000 $200,000 $800,000 75.00 % Federal Awards Expended RLF Loans Outstanding - December 31, 2024 $ 110,647 Cash and Investment Balance in RLF - December 31, 2024 21,408 Administrative Expenses Paid from RLF Income During the Year Ended December 31, 2024 - Unpaid Principal of All Loans Written Off During the Year Ended December 31, 2024 - Total 132,055 Federal Share of The RLF 75% Federal Awards Expended $ 99,041