| USDA & WIFA Source Funding Reconciliation | ||||
| 11/30/2024 | ||||
| Total | ||||
| Date | Loans | Grant | Funding | |
| USDA 1 | $5,030,000.00 | $0.00 | $5,030,000.00 | |
| USDA 2 | $8,000,000.00 | $0.00 | $8,000,000.00 | |
| USDA 3 | $9,500,000.00 | $510,429.00 | $10,010,429.00 | |
| USDA 4 | $1,497,000.00 | $499,071.00 | $1,996,071.00 | |
| Total Loans | $24,027,000.00 | $1,009,500.00 | $25,036,500.00 | |
| Funding Used to Date | $5,030,000.00 | $0.00 | $5,030,000.00 | |
| Remaining Funding | $18,997,000.00 | $1,009,500.00 | $20,006,500.00 | |
| Loan 1 Closed | ||||
| USDA 1-June 2022 | $5,030,000.00 | $0.00 | $5,030,000.00 | |
| PNC Bank Payoff | 22-Jun | -$3,646,269.09 | $0.00 | $1,383,730.91 |
| PNC Returned Interest | Jul-22 | $773.67 | $0.00 | $1,384,504.58 |
| Program Management | Aug-22 | -$66,566.77 | $0.00 | $1,317,937.81 |
| Legal Fees | Aug-22 | -$13,500.00 | $0.00 | $1,304,437.81 |
| WIFA – Interim Interest | Aug-22 | -$3,762.00 | $0.00 | $1,300,675.81 |
| Program Management | Jan-23 | -$25,261.20 | $0.00 | $1,275,414.61 |
| Legal Fees | Jan-23 | -$3,153.00 | $0.00 | $1,272,261.61 |
| WIFA – Interim Interest | Jan-23 | -$3,940.83 | $0.00 | $1,268,320.78 |
| WIFA DL-Paid | Oct-24 | -$1,268,320.78 | $0.00 | $0.00 |
| Total | USED | Balance | ||
| WIFA DL-Paid | $1,410,690.37 | $1,410,690.37 | $0.00 | |
| WIFA CL-Open | $17,500,000.00 | $12,266,883.39 | $5,233,116.61 | |
| Interim Funding | $18,910,690.37 | $13,677,573.76 | $5,233,116.61 | |