Notes to SEFA
The Capital Magnet Fund listed above is to be used as a Revolving Loan Fund and is shown on the Schedule of Expenditures of Federal Awards until the respective five-year investment compliance periods are completed in March 2027 (as extended) (2019 award), October 2027 (2022 award) and January 2030 (2024 award). The amount presented in the above schedule consists of proceeds of the grants deployed or committed for qualifying loans as of December 31, 2025, totaling $6,735,000 plus administrative fees of $75,000 earned during 2025. Grant funds deployed in prior years and collected in 2025, but not yet re-deployed or committed, are included in net assets with donor restrictions. Grant funds advanced but not deployed or committed as of December 31, 2025, are reflected as conditional advances. See chart included in notes.