Notes to SEFA
RURAL ECONOMIC DEVELOPMENT LOANS AND GRANTS (10.854) - Balances outstanding at the end of the audit period were $562,500.
The reported expenditures were calculated as follows in accordance with guidance by the grantor: Revolving Loan Fund (RLF): Outstanding loans as of December 31, 2025 $1,108,121. Cash and investments as of December 31, 2025 $209,774. Administrative expenses paid out of RLF income during 2025 $11,000. Subtotal $1,328,895. Calculation of Federal Participation Rate (FPR): Loan balance as of December 31, 2025 $562,500. Original Grant $600,000. Original match (cash) $120,000. Subtotal $1,282,500. FPR - Loan balance and grant awarded divided by total including original match 90.6433%. Expenditures reported on the SEFA $1,204,554.