The Town participates in the Drinking Water State Revolving Fund (DWSRF) loan program (ALN 66.468) administered by the Delaware Department of Health and Social Services (DHSS). The program provided funding for two projects, the Town’s 7th Street water main replacement and the Phase III Transite water main replacement. Federal expenditures reported on the Schedule include $501,246 applicable to the 7th Street project and $1,530,603 applicable to the Transite project, for a total of $2,031,849. The 7th Street project was completed during 2024 and the loan was forgiven in full. The Phase III Transite project was completed subsequent to year end, in April 2025, with principal forgiveness granted on June 20, 2025. The outstanding loan balance at June 30, 2024 was $1,530,603. The Town’s total DWSRF General Obligation Bonds outstanding as of June 30, 2024 total $3,523,769 in the accompanying financial statements. This amount includes older State Revolving Fund loans administered by DNREC Environmental Finance in the amount of $1,993,166 that were fully drawn in prior years and are not included on this Schedule. The Schedule reports only those DWSRF awards with current year draw activity or continuing compliance requirements as required by the Uniform Guidance.
The Town received an allocation of $6,287,844 under the Coronavirus State and Local Fiscal Recovery Funds program (ALN 21.027) administered by the U.S. Department of the Treasury. The Town is classified as a non-entitlement unit of local government and receives its allocation through the State of Delaware. Federal expenditures of $843,007 reported on the Schedule represent amounts expended for eligible purposes during the fiscal year. Cumulative awards through June 30, 2024 totaled $2,351,725, with $660,172 remaining to be expended and reported as unearned revenue in the accompanying financial statements. Under the program's terms, all funds must be obligated by December 31, 2024, and must be fully expended by December 31, 2026.
The Town received a direct award of $938,000 from the U.S. Department of Housing and Urban Development for the Tidewater Park project (ALN 14.251). Federal expenditures of $534,058 reported on the Schedule represent project costs incurred during the fiscal year. The remaining award balance of $403,942 is reported as unearned revenue at June 30, 2024. The award period of performance extends through August 31, 2031.