Notes to SEFA
SMPDD had the following loan balances outstanding at September 30, 2025, which are attributable to federal funds. These loan balances outstanding are also included in the federal expenditures presented in the Schedule.The value of the Economic Development Administration Revolving Loan Fund (RLF) is determined by adding the principal loan balance at year end, the RLF cash on hand at year end, the RLF administrative expenses paid out of RLF income during the fiscal year, and the unpaid principal of all loans written off during the year. This amount is multiplied by the federal share of the RLF program to determine the federal value of the RLF program.