January 2025 Revolving Loan Fund
MANAGEMENT OVERVIEW
January 31, 2025
Balance Sheets
Cash and cash equivalents had a month-end balance of $18.6 million. The balance decreased by $636.8 thousand from prior month, primarily due to:
- received $40.7 thousand in investment interest
- disbursed $427.5 thousand in accrued technical assistance grants
- disbursed $250.0 thousand in new loans
Loans Receivable, Net increased by $250.0 thousand, and accrued technical assistance decreased by $482.3 thousand.
Statements of Operations
The fund earned $45.7 thousand in interest revenue and incurred $54.8 thousand in expenses for the month.
BALANCE SHEETS
As of January 31, 2025 and 2024 (Dollars in thousands)
| ASSETS | January 2025 | January 2024 |
|---|---|---|
ASSETS Cash and Cash Equivalents |
January 2025 $18,583 |
January 2024 $17,300 |
ASSETS Loans Receivable, Net |
January 2025 4,133 |
January 2024 3,250 |
ASSETS Interest Receivable |
January 2025 13 |
January 2024 11 |
ASSETS TOTAL ASSETS |
January 2025 22,729 |
January 2024 20,561 |
| LIABILITIES AND FUND BALANCE | January 2025 | January 2024 |
|---|---|---|
LIABILITIES AND FUND BALANCE Accrued Technical Assistance Grants |
January 2025 $5,518 |
January 2024 $4,270 |
LIABILITIES AND FUND BALANCE Total Liabilities |
January 2025 5,518 |
January 2024 4,270 |
| Fund Balance | January 2025 | January 2024 |
|---|---|---|
Fund Balance Fund Capital |
January 2025 $14,816 |
January 2024 $14,354 |
Fund Balance Accumulated Earnings |
January 2025 2,395 |
January 2024 1,937 |
Fund Balance Total Fund Balance |
January 2025 17,211 |
January 2024 16,291 |
Fund Balance TOTAL LIABILITIES AND FUND BALANCE |
January 2025 $22,729 |
January 2024 $20,561 |
STATEMENTS OF OPERATIONS
For the Periods Ended January 31, 2025 and 2024 (Dollars in thousands)
| REVENUES | January 2025 | Year-to-Date January 2025 |
Year-to-Date January 2024 |
|---|---|---|---|
REVENUES Interest on Cash Equivalents |
January 2025 $41 |
Year-to-Date
January 2025 $41 |
Year-to-Date
January 2024 $51 |
REVENUES Interest on Loans |
January 2025 5 |
Year-to-Date
January 2025 5 |
Year-to-Date
January 2024 4 |
REVENUES Canceled Technical Assistance Grants |
January 2025 (84) |
Year-to-Date
January 2025 (84) |
Year-to-Date
January 2024 - |
REVENUES Total Revenues |
January 2025 (38) |
Year-to-Date
January 2025 (38) |
Year-to-Date
January 2024 55 |
| EXPENSES | January 2025 | Year-to-Date January 2025 |
Year-to-Date January 2024 |
|---|---|---|---|
EXPENSES Technical Assistance Grants |
January 2025 30 |
Year-to-Date
January 2025 30 |
Year-to-Date
January 2024 7 |
EXPENSES Canceled Technical Assistance Grants |
January 2025 (85) |
Year-to-Date
January 2025 (85) |
Year-to-Date
January 2024 - |
EXPENSES TOTAL EXPENSES |
January 2025 (55) |
Year-to-Date
January 2025 (55) |
Year-to-Date
January 2024 7 |
EXPENSES NET INCOME / (LOSS) |
January 2025 $17 |
Year-to-Date
January 2025 $17 |
Year-to-Date
January 2024 $48 |
STATEMENTS OF CHANGES IN FUND BALANCE
For the Periods Ended January 31, 2025 and December 31, 2024 (Dollars in thousands)
| Fund Capital | For Loans | For Technical Assistance | Total Fund Capital | Accumulated Earnings | Total Fund Balance |
|---|---|---|---|---|---|
Fund Capital December 31, 2023 |
For Loans $13,388 |
For Technical Assistance $966 |
Total Fund Capital $14,354 |
Accumulated Earnings $1,889 |
Total Fund Balance $16,243 |
Fund Capital Appropriations Received |
For Loans - |
For Technical Assistance 3,465 |
Total Fund Capital 3,465 |
Accumulated Earnings - |
Total Fund Balance 3,465 |
Fund Capital Appropriations Used |
For Loans - |
For Technical Assistance (3,111) |
Total Fund Capital (3,111) |
Accumulated Earnings - |
Total Fund Balance (3,111) |
Fund Capital Canceled Appropriations - Returned to Treasury |
For Loans - |
For Technical Assistance (297) |
Total Fund Capital (297) |
Accumulated Earnings - |
Total Fund Balance (297) |
Fund Capital Canceled Technical Assistance Grants |
For Loans - |
For Technical Assistance 321 |
Total Fund Capital 321 |
Accumulated Earnings - |
Total Fund Balance 321 |
Fund Capital Net Income / (Loss) |
For Loans - |
For Technical Assistance - |
Total Fund Capital - |
Accumulated Earnings 489 |
Total Fund Balance 489 |
Fund Capital December 31, 2024 |
For Loans $13,388 |
For Technical Assistance $1,344 |
Total Fund Capital $14,732 |
Accumulated Earnings $2,378 |
Total Fund Balance $17,110 |
Fund Capital Appropriations Received |
For Loans - |
For Technical Assistance - |
Total Fund Capital - |
Accumulated Earnings - |
Total Fund Balance - |
Fund Capital Appropriations Used |
For Loans - |
For Technical Assistance - |
Total Fund Capital - |
Accumulated Earnings - |
Total Fund Balance - |
Fund Capital Canceled Appropriations - Returned to Treasury |
For Loans - |
For Technical Assistance - |
Total Fund Capital - |
Accumulated Earnings - |
Total Fund Balance - |
Fund Capital Canceled Technical Assistance Grants |
For Loans - |
For Technical Assistance 84 |
Total Fund Capital 84 |
Accumulated Earnings - |
Total Fund Balance 84 |
Fund Capital Net Income / (Loss) |
For Loans - |
For Technical Assistance - |
Total Fund Capital - |
Accumulated Earnings 17 |
Total Fund Balance 17 |
Fund Capital January 31, 2025 |
For Loans $13,388 |
For Technical Assistance $1,428 |
Total Fund Capital $14,816 |
Accumulated Earnings $2,395 |
Total Fund Balance $17,211 |
STATEMENTS OF CASH FLOWS
For the Periods Ended January 31, 2025 and 2024 (Dollars in thousands)
| CASH FLOWS FROM OPERATING ACTIVITIES | January 2025 | Year-to-Date January 2025 |
Year-to-Date January 2024 |
|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES Net Income/(Loss) |
January 2025 $17 |
Year-to-Date
January 2025 $17 |
Year-to-Date
January 2024 $48 |
| Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities | January 2025 | Year-to-Date January 2025 |
Year-to-Date January 2024 |
|---|---|---|---|
Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities Canceled Technical Assistance Grants |
January 2025 84 |
Year-to-Date
January 2025 84 |
Year-to-Date
January 2024 - |
| Changes in Assets and Liabilities | January 2025 | Year-to-Date January 2025 |
Year-to-Date January 2024 |
|---|---|---|---|
Changes in Assets and Liabilities (Increase)/Decrease in Interest Receivable |
January 2025 (5) |
Year-to-Date
January 2025 (5) |
Year-to-Date
January 2024 1 |
Changes in Assets and Liabilities Increase/(Decrease) in Accrued Technical Assistance Grants |
January 2025 (483) |
Year-to-Date
January 2025 (483) |
Year-to-Date
January 2024 (23) |
Changes in Assets and Liabilities Net Cash Provided by/(Used in) Operating Activities |
January 2025 (387) |
Year-to-Date
January 2025 (387) |
Year-to-Date
January 2024 26 |
| CASH FLOWS FROM INVESTING ACTIVITIES | January 2025 | Year-to-Date January 2025 |
Year-to-Date January 2024 |
|---|---|---|---|
CASH FLOWS FROM INVESTING ACTIVITIES Loan Disbursements |
January 2025 (250) |
Year-to-Date
January 2025 (250) |
Year-to-Date
January 2024 - |
CASH FLOWS FROM INVESTING ACTIVITIES Net Cash Provided by/(Used in) Investing Activities |
January 2025 (250) |
Year-to-Date
January 2025 (250) |
Year-to-Date
January 2024 - |
| CASH FLOWS FROM FINANCING ACTIVITIES | January 2025 | Year-to-Date January 2025 |
Year-to-Date January 2024 |
|---|---|---|---|
CASH FLOWS FROM FINANCING ACTIVITIES Net Cash Provided by/(Used in) Financing Activities |
January 2025 - |
Year-to-Date
January 2025 - |
Year-to-Date
January 2024 - |
CASH FLOWS FROM FINANCING ACTIVITIES NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS |
January 2025 (637) |
Year-to-Date
January 2025 (637) |
Year-to-Date
January 2024 26 |
CASH FLOWS FROM FINANCING ACTIVITIES CASH AND CASH EQUIVALENTS — Beginning of period |
January 2025 19,220 |
Year-to-Date
January 2025 19,220 |
Year-to-Date
January 2024 17,274 |
CASH FLOWS FROM FINANCING ACTIVITIES CASH AND CASH EQUIVALENTS — End of period |
January 2025 $18,583 |
Year-to-Date
January 2025 $18,583 |
Year-to-Date
January 2024 $17,300 |
The balances in the statement above are preliminary and unaudited.