U.S. Department of Commerce highlights a significant discrepancy in the outstanding balance of Scioto County's Revolving Loan Fund
The U.S. Department of Commerce Economic Development Administration (EDA) recently sent a letter to Scioto County officials regarding a significant discrepancy that it identified in the value of the county's Revolving Loan Fund (RFL), the Portsmouth Daily Times reports. The county reported the figures for the Catalog of Federal Domestic Assistance (CFDA). According to Scioto County Chief Deputy Auditor Heather Cunningham, the total outstanding balance reported was $398,459.65. This number, however, included two EDA loans with a principal balance of $309,339.74 that had since been written off. For more, read the full story.
