Notes to SEFA
The Economic Development Administration expenditures for the CARES EDA are calculated using the following method: Balance of the principal outstanding on loans at the end of the recipient's fiscal year $(479,679), plus cash and investment balance at the end of the recipient's fiscal year $(389,017), plus administrative expenses paid out of income during the recipient's fiscal year (0), plus unpaid principal of all loans written off during the recipient's fiscal year, then multiply the sum by the federal share (100%).