There were no Federal or State awards expended in the form of non-cash assistance. The Corporation had commercial and general liability insurance in effect during the year with limits of $3,000,000 for general aggregate and $2,000,000 for each occurrence
Included in the Schedule are forgivable Federal and State Loans amounting to $1,366,381. These amounts have been included in the Schedule as the programs are subject to ongoing compliance requirements. Description ALN / CSFA Beginning Balance Proceeds from Borrowings Amount Earned Balance at 12/31/25 CDBG 2019 14.218 $ 425,012 $ - $ 425,012 $ - CDBG 2020 14.218 401,000 - - 401,000 CDBG 2023 14.218 406,875 - - 406,875 SHIP-Newtek 52.901 247,917 42,500 205,417 CDBG 2025 14.218 - 353,089 - 353,089 Total $1,480,804 $ 353,089 $ 467,512 $1,366,381
Below is a schedule of current year’s activities:
Description ALN / CSFA Beginning Balance Proceeds from Borrowings Amount Earned Balance at 12/31/25 CDBG 2019 14.218 $ 425,012 $ - $ 425,012 $ - CDBG 2020 14.218 401,000 - - 401,000 CDBG 2023 14.218 406,875 - - 406,875 SHIP-Newtek 52.901 247,917 42,500 205,417 CDBG 2025 14.218 - 353,089 - 353,089 Total $1,480,804 $ 353,089 $ 467,512 $1,366,381