Notes to SEFA
Amounts reported in the accompanying schedules agree with amounts reported in the financial statements.
The amounts shown as current year federal expenditures represent only the federal grant portion of the program costs. Entire program costs, including the Authority's portion, may be more than shown.
The Authority's interim NJEIFP Series water loans are established as State Trust loans until permanent long-term financing is obtained. The Fund portion of the loans are then determined and allocated as Federal program loans. The following table summarizes the State Revolving Fund and Trust outstanding principal balances at June 30, 2025: