July 31, 2026
BALANCE SHEETS
As of July 31, 2026 and 2025 (Dollars in thousands)
| ASSETS | July 2026 | July 2025 |
|---|
| Cash and Cash Equivalents | $23,400 | $21,423 |
| Loans Receivable, Net | 3,750 | 3,883 |
| Interest Receivable | 13 | 14 |
| TOTAL ASSETS | 27,163 | 25,320 |
| LIABILITIES AND FUND BALANCE | July 2026 | July 2025 |
|---|
| Accrued Technical Assistance Grants | 6,425 | 4,382 |
| Total Liabilities | 6,425 | 4,382 |
| Fund Balance | July 2026 | July 2025 |
|---|
| Fund Capital | 17,657 | 18,304 |
| Accumulated Earnings | 3,081 | 2,634 |
| Total Fund Balance | 20,738 | 20,938 |
| TOTAL LIABILITIES AND FUND BALANCE | $27,163 | $25,320 |
STATEMENTS OF OPERATIONS
For the Periods Ended July 31, 2026 and 2025 (Dollars in thousands)
| REVENUES | July 2026 | Year-to-Date July 2026 | Year-to-Date July 2025 |
|---|
| Interest on Cash Equivalents | $34 | $248 | $268 |
| Interest on Loans | 5 | 33 | 38 |
| Appropriations Used | - | 3,465 | - |
| Canceled Technical Assistance Grants | - | (101) | (107) |
| TOTAL REVENUES | 39 | 3,645 | 199 |
| EXPENSES | July 2026 | Year-to-Date July 2026 | Year-to-Date July 2025 |
|---|
| Technical Assistance Grants | 15 | 3,525 | 67 |
| Canceled Technical Assistance Grants | - | (109) | (124) |
| TOTAL EXPENSES | 15 | 3,416 | (57) |
| NET INCOME / (LOSS) | $24 | $229 | $256 |
STATEMENTS OF CHANGES IN FUND BALANCE
For the Periods Ended July 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) | - | - | - | 229 | 229 |
| July 31, 2026 | $13,388 | $4,269 | $17,657 | $3,081 | $20,738 |
STATEMENTS OF CASH FLOWS
For the Periods Ended July 31, 2026 and 2025 (Dollars in thousands)
| CASH FLOWS FROM OPERATING ACTIVITIES | July 2026 | Year-to-Date July 2026 | Year-to-Date July 2025 |
|---|
| Net Income/(Loss) | $24 | $229 | $256 |
| Adjustments to Reconcile Net Income to Net Cash Used in Operating Activities | July 2026 | Year-to-Date July 2026 | Year-to-Date July 2025 |
|---|
| Appropriations Used | - | (3,465) | - |
| Canceled Technical Assistance Grants | - | 101 | 107 |
| Changes in Assets and Liabilities | July 2026 | Year-to-Date July 2026 | Year-to-Date July 2025 |
|---|
| (Increase)/Decrease in Interest Receivable | (3) | (3) | (6) |
| Increase/(Decrease) in Accrued Technical Assistance Grants | 15 | 2,402 | (1,619) |
| Net Cash Provided by/(Used in) Operating Activities | 36 | (736) | (1,262) |
| CASH FLOWS FROM INVESTING ACTIVITIES | July 2026 | Year-to-Date July 2026 | Year-to-Date July 2025 |
|---|
| Loan Principal Repayments | - | 133 | 750 |
| Loan Disbursements | - | - | (750) |
| Net Cash Provided by/(Used in) Investing Activities | - | 133 | - |
| CASH FLOWS FROM FINANCING ACTIVITIES | July 2026 | Year-to-Date July 2026 | Year-to-Date July 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 | 36 | 2,862 | 2,203 |
| CASH AND CASH EQUIVALENTS — Beginning of period | 23,364 | 20,538 | 19,220 |
| CASH AND CASH EQUIVALENTS — End of period | $23,400 | $23,400 | $21,423 |
The balances in the statement above are preliminary and unaudited.
