Notes to SEFA
As of June 30, 2025, the District had loans outstanding in the amount of $634,548 under the CARES Act Title IX-RLP Economic Recovery loan program. The revolving loan federal expenditures is calculated by taking the current year loan balance of $634,548, plus the cash balance of $120,868, plus the current year administrative expenditures of $3,447, plus $0 in loans written off in the current year, and then multipling this total by the Federal share of 100% which equals $758,863 under the CARES Act Title IX-RLP Economis Recovery loan program.