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DELAWARE VOLUNTEER FIREFIGHTER’S ASSOCIATION, INC. - Dover Delaware

Sunday, March 8, 2020
DELAWARE VOLUNTEER FIREFIGHTER’S ASSOCIATION, INC. “REVOLVING LOAN FUND” HISTORY AND RECAP OF ACTIVITY FOR THE PERIOD JULY 2006 THRU DECEMBER 31, 2017 INITIAL FUNDING – 2006 H.B. 315,(Grant-in-Aid Bill) $ 1,000,000.00 SUPPLEMENTAL FUNDING – 2014 S.B. 145, (Bond Bill) 1,000,000.00 TOTAL AVAILABLE FUNDING $ 2,000,000.00 Total Loans made from the fund Since 2006 30 Loans Per County Total Dollar Value New Castle County 12 = $ 2,296,676.22 Kent County 12 = $ 1,350,691.75 Sussex County 6 = $ 1,421,951.00 Totals 30 = $ 5,069,318.97 RECONCILIATION OF REVOLVING LOAN FUND, DEC. 31, 2017 TOTAL LOANS MADE SINCE INCEPTION, (2006) $ 5,069,318.97 LESS: PAYMENTS MADE BY COMPANIES (-3,229,031.05) EQUALS: ACCOUNTS RECEIVABLE DUE $1,840,287.92 FROM COMPANIES PLUS: FUNDS READILY AVAILBLE FOR LOAN 159,712.08 TOTAL AVAILABLE FUNDING $2,000,000.00 Fi: Revolving Loan Funding Dec. 31, 2017

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