100.1 - Financial Statements - As Issued (DWSRF - 2020 Audit 2020 [6/30/2020] (In Process))

… s loans for land acquisition for source water protection purposes. The Fund is funded through federal capitalization grants as established under Federal §1452 of the Safe Drinking Water Act (the Act). The Act requires the State of Delaware …

… a result of several factors, an increase in grant revenue, and a decrease in operating expenses such as supplies and grants. The Fund realized a change in net position of $7,823 in fiscal year 2019, which represents an increase of 227%. Th …

… l year 2020, a 12% increase from fiscal year 2019, due to increased State match revenues and an increase in federal grants. Grant revenue recognized from the federal and state governments totaled $8,516 in fiscal year 2019, an 83% increase …

… 18. During fiscal year 2020, pooled cash increased by approximately $11,837, 18% to $76,903 based on an increase in grants received, an increase in interest income, and an increase in collections. Loans receivable decreased, by $1,505, 2%, …

… by $1,505, 2%, to $95,252, mostly as a result of decreased loans made and an increase in loan subsidization. Federal grants receivable decreased by $329, 49% due to the timing of reimbursements requests from the EPA during fiscal year ended …

… ections. Loans receivable decreased, by $2,041, 2%, to $96,757, mostly as a result of increased collections. Federal grants receivable increased by $497, 281%, due to the timing of reimbursements requests from the EPA during fiscal year ende …

… 7,311 6,956 Loan interest 563 580 668 Federal grants receivable 345 674 177 Total Current Assets 85,551 73,631 …

… al year 2020. Federal grant revenue increased by $3,863, 83% during fiscal year 2019 due to an overall increase in grants compared to the prior years. Interest income from cash deposits increased by $988, 104% during fiscal year 2020, due …