Public Accountability Report
| 2024 Fire Truck Revolving Loan Program | |||||
|---|---|---|---|---|---|
| Mission Statement | To provide Illinois communities with access to low-cost capital via zero-interest and low-interest loans for the purchase of fire trucks by municipalities, a fire protection district, or a township fire department based on need as determined by the Office of the Illinois State Fire Marshal (OSFM). | ||||
| Program Goals and Objectives |
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| Source of Funds | Fire Truck Revolving Loan Fund | Statutory Authority | 20 ILCS 3501/825-80 | ||
| Fiscal Year 2025 Target/Projected | Fiscal Year 2024 Actual | Fiscal Year 2024 Target/Projected | Fiscal Year 2023 Actual | Fiscal Year 2022 Actual | |
|---|---|---|---|---|---|
| Input Indicators | |||||
| Total expenditures - all sources (in thousands) | $ 13,000.0 | $ 1,750.0 | $ 9,100.0 | $ 470.0 | $ 0.0 |
| Total expenditures - state appropriated funds (in thousands) | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0 |
| Average monthly full-time equivalents | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 |
| Output Indicators | |||||
| Number of new participants | 36.0 | 5.0 | 26.0 | 2.0 | N/A |
| Outcome Indicators | |||||
| Estimated interest costs saved based on all loans outstanding at a projected interest rate of 4% (in thousands) | $ 1,096.0 | $ 651.0 | $ 945.0 | $ 647.0 | $ 754.0 |
