Notes to SEFA
The Board has included $2,922,473 from revolving loan funds with Economic Adjustment Assistance Program funds in the schedule of expenditures of federal awards. The resulting loan fund activity as required by the U.S. Department of Commerce for the year ended December 31, 2025 is as follows: Revolving Loan Funds Group Group Group Group Group RLF I RLF II/III RLF IV RLF V RLF VI Total Loan principal balances at end of year $ 284,851 113,184 154,718 1,437,229 1,300,370 3,290,352 Cash and investment balance 4,848 1,860 3,252 1,414,924 982,789 2,407,673 Administrative expenses 518 - - 320 - 838 Unpaid principal on loans written off in 2025 - - - - - - Subtotal 290,217 115,044 157,970 2,852,473 2,283,159 5,698,863 Federal share 0% 0% 0% 100% 0% 50.05% Federal award $ - - - 2,852,473 - 2,852,473 Operating fund - reimbursements 70,000 Total economic adjustment assistance program $ 2,922,473