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… ative Fund The pooled cash and investments in the Federal Administrative Fund represent grant funds drawn to pay administrative expenses of the Fund. The grant agreement permits an amount up to one-fifth of one percent of the prior year’s Net Fund Balan …

… The grant agreement permits an amount up to one-fifth of one percent of the prior year’s Net Fund Balance for these administrative expenses. 16 State of Delaware Delaware Water Pollution Control Revolving Loan Fund Notes to Financial Statements - Co …

… the Fund may spend up to one-fifth of the prior year’s Net Capital Reserve Loan Fund Balance of the federal awards on administrative expenses. As previously described in Note A, a separate Administrative Fund is used to account for such costs and related rev …

… s. Note L - Nonfederal Administrative Fund The Nonfederal Administrative Fund account is used to supplement administrative expenses of the Fund and other water quality improvement expenses. 25 State of Delaware Delaware Water Pollution Contro …