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March 2026 Revolving Loan Fund

June 2026
March 2026 Revolving Loan Fund

MANAGEMENT OVERVIEW

March 31, 2026

Balance Sheets

Cash and cash equivalents had a month-end balance of $23.7 million. The balance increased by $3.4 million from prior month, primarily due to:

  • received $3.5 million in appropriations from Congress
  • received $137.4 thousand in loan principal and interest payments
  • received $38.0 thousand in investment interest
  • disbursed $201.1 thousand in accrued technical assistance grants

Loans Receivable, Net decreased by $133.0 thousand, and accrued technical assistance decreased by $186.1 thousand.

Statements of Operations

The fund earned $41.6 thousand in interest revenue and incurred $15.0 thousand in expenses for the month.

BALANCE SHEETS

As of As of March 31, 2026 and 2025 (Dollars in thousands)

ASSETSMarch 2026March 2025
Cash and Cash Equivalents$23,707$20,951
Loans Receivable, Net3,7504,633
Interest Receivable1216
TOTAL ASSETS27,46925,600
LIABILITIES AND FUND BALANCEMarch 2026March 2025
Accrued Technical Assistance Grants3,4214,876
Total Liabilities3,4214,876
Fund BalanceMarch 2026March 2025
Fund Capital21,12118,281
Accumulated Earnings2,9272,443
Total Fund Balance24,04820,724
TOTAL LIABILITIES AND FUND BALANCE$27,469$25,600

STATEMENTS OF OPERATIONS

For the Periods Ended March 31, 2026 and 2025 (Dollars in thousands)

REVENUESMarch 2026Year-to-Date March 2026Year-to-Date March 2025
Interest on Cash Equivalents$37$106$116
Interest on Loans51415
Canceled Technical Assistance Grants-(100)(84)
Total Revenues422047
EXPENSESMarch 2026Year-to-Date March 2026Year-to-Date March 2025
Technical Assistance Grants154567
Canceled Technical Assistance Grants-(100)(85)
TOTAL EXPENSES15(55)(18)
NET INCOME / (LOSS)$27$75$65

STATEMENTS OF CHANGES IN FUND BALANCE

For the Periods Ended March 31, 2026 and December 31, 2025 (Dollars in thousands)

Fund CapitalFor LoansFor Technical AssistanceTotal Fund CapitalAccumulated EarningsTotal Fund Balance
December 31, 2024$13,388$1,344$14,732$2,378$17,110
Appropriations Received-3,4653,465-3,465
Appropriations Used-(445)(445)-(445)
Canceled Appropriations - Returned to Treasury-(309)(309)-(309)
Canceled Technical Assistance Grants-113113-113
Net Income / (Loss)---474474
December 31, 2025$13,388$4,168$17,556$2,852$20,408
Appropriations Received-3,4653,465-3,465
Appropriations Used-----
Canceled Appropriations - Returned to Treasury-----
Canceled Technical Assistance Grants-100100-100
Net Income / (Loss)---7575
March 31, 2026$13,388$7,733$21,121$2,927$24,048

STATEMENTS OF CASH FLOWS

For the Periods Ended March 31, 2026 and 2025 (Dollars in thousands)

CASH FLOWS FROM OPERATING ACTIVITIESMarch 2026Year-to-Date March 2026Year-to-Date March 2025
Net Income/(Loss)$27$75$65
Adjustments to Reconcile Net Income to Net Cash Used in Operating ActivitiesMarch 2026Year-to-Date March 2026Year-to-Date March 2025
Canceled Technical Assistance Grants-10084
Changes in Assets and LiabilitiesMarch 2026Year-to-Date March 2026Year-to-Date March 2025
(Increase)/Decrease in Interest Receivable1(2)(8)
Increase/(Decrease) in Accrued Technical Assistance Grants(187)(602)(1,125)
Net Cash Provided by/(Used in) Operating Activities(159)(429)(984)
CASH FLOWS FROM INVESTING ACTIVITIESMarch 2026Year-to-Date March 2026Year-to-Date March 2025
Loan Principal Repayments133133-
Loan Disbursements--(750)
Net Cash Provided by/(Used in) Investing Activities133133(750)
CASH FLOWS FROM FINANCING ACTIVITIESMarch 2026Year-to-Date March 2026Year-to-Date March 2025
Appropriations Received 2026/20273,4653,465-
Appropriations Received 2025/2026--3,465
Net Cash Provided by/(Used in) Financing Activities3,4653,4653,465
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS3,4393,1691,731
CASH AND CASH EQUIVALENTS — Beginning of period20,26820,53819,220
CASH AND CASH EQUIVALENTS — End of period$23,707$23,707$20,951

The balances in the statement above are preliminary and unaudited.