August 31, 2026
BALANCE SHEETS
As of August 31, 2026 and 2025 (Dollars in thousands)
| ASSETS | August 2026 | August 2025 |
|---|
| Cash and Cash Equivalents | $22,858 | $21,285 |
| Loans Receivable, Net | 3,750 | 3,883 |
| Interest Receivable | 12 | 17 |
| TOTAL ASSETS | 26,620 | 25,185 |
| LIABILITIES AND FUND BALANCE | August 2026 | August 2025 |
|---|
| Accrued Technical Assistance Grants | 5,840 | 4,194 |
| Total Liabilities | 5,840 | 4,194 |
| Fund Balance | August 2026 | August 2025 |
|---|
| Fund Capital | 17,657 | 18,310 |
| Accumulated Earnings | 3,123 | 2,681 |
| Total Fund Balance | 20,780 | 20,991 |
| TOTAL LIABILITIES AND FUND BALANCE | $26,620 | $25,185 |
STATEMENTS OF OPERATIONS
For the Periods Ended August 31, 2026 and 2025 (Dollars in thousands)
| REVENUES | August 2026 | Year-to-Date August 2026 | Year-to-Date August 2025 |
|---|
| Interest on Cash Equivalents | $38 | $285 | $310 |
| Interest on Loans | 5 | 38 | 43 |
| Appropriations Used | - | 3,465 | - |
| Canceled Technical Assistance Grants | - | (101) | (113) |
| TOTAL REVENUES | 43 | 3,687 | 240 |
| EXPENSES | August 2026 | Year-to-Date August 2026 | Year-to-Date August 2025 |
|---|
| Technical Assistance Grants | - | 3,525 | 67 |
| Canceled Technical Assistance Grants | - | (109) | (130) |
| TOTAL EXPENSES | - | 3,416 | (63) |
| NET INCOME / (LOSS) | $43 | $271 | $303 |
STATEMENTS OF CHANGES IN FUND BALANCE
For the Periods Ended August 31, 2026 and December 31, 2025 (Dollars in thousands)
| Fund Capital | For Loans | For Technical Assistance | Total Fund Capital | Accumulated Earnings | Total Fund Balance |
|---|
| December 31, 2024 | $13,388 | $1,344 | $14,732 | $2,378 | $17,110 |
| Appropriations Received | - | 3,465 | 3,465 | - | 3,465 |
| Appropriations Used | - | (445) | (445) | - | (445) |
| Canceled Appropriations - Returned to Treasury | - | (309) | (309) | - | (309) |
| Canceled Technical Assistance Grants | - | 113 | 113 | - | 113 |
| Net Income / (Loss) | - | - | - | 474 | 474 |
| December 31, 2025 | $13,388 | $4,168 | $17,556 | $2,852 | $20,408 |
| Appropriations Received | - | 3,465 | 3,465 | - | 3,465 |
| Appropriations Used | - | (3,465) | (3,465) | - | (3,465) |
| Canceled Appropriations - Returned to Treasury | - | - | - | - | - |
| Canceled Technical Assistance Grants | - | 101 | 101 | - | 101 |
| Net Income / (Loss) | - | - | - | 271 | 271 |
| August 31, 2026 | $13,388 | $4,269 | $17,657 | $3,123 | $20,780 |
STATEMENTS OF CASH FLOWS
For the Periods Ended August 31, 2026 and 2025 (Dollars in thousands)
| CASH FLOWS FROM OPERATING ACTIVITIES | August 2026 | Year-to-Date August 2026 | Year-to-Date August 2025 |
|---|
| Net Income/(Loss) | $43 | $271 | $303 |
| Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities | August 2026 | Year-to-Date August 2026 | Year-to-Date August 2025 |
|---|
| Appropriations Used | - | (3,465) | - |
| Canceled Technical Assistance Grants | - | 101 | 113 |
| Changes in Assets and Liabilities | August 2026 | Year-to-Date August 2026 | Year-to-Date August 2025 |
|---|
| (Increase)/Decrease in Interest Receivable | 1 | (2) | (9) |
| Increase/(Decrease) in Accrued Technical Assistance Grants | (586) | 1,817 | (1,807) |
| Net Cash Provided by/(Used in) Operating Activities | (542) | (1,278) | (1,400) |
| CASH FLOWS FROM INVESTING ACTIVITIES | August 2026 | Year-to-Date August 2026 | Year-to-Date August 2025 |
|---|
| Loan Principal Repayments | - | 133 | 750 |
| Loan Disbursements | - | - | (750) |
| Net Cash Provided by/(Used in) Investing Activities | - | 133 | - |
| CASH FLOWS FROM FINANCING ACTIVITIES | August 2026 | Year-to-Date August 2026 | Year-to-Date August 2025 |
|---|
| Appropriations Received 2026/2027 | - | 3,465 | - |
| Appropriations Received 2025/2026 | - | - | 3,465 |
| Net Cash Provided by/(Used in) Financing Activities | - | 3,465 | 3,465 |
| NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS | (542) | 2,320 | 2,065 |
| CASH AND CASH EQUIVALENTS — Beginning of period | 23,400 | 20,538 | 19,220 |
| CASH AND CASH EQUIVALENTS — End of period | $22,858 | $22,858 | $21,285 |
The balances in the statement above are preliminary and unaudited.
