Public Accountability Report
| 2025 Ambulance 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 ambulances by municipalities, a fire protection district, a township fire department, or nonprofit ambulance service 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 | Ambulance Revolving Loan Fund | Statutory Authority | 20 ILCS 3501/825-85 | ||
| Fiscal Year 2026 Target/Projected | Fiscal Year 2025 Actual | Fiscal Year 2025 Target/Projected | Fiscal Year 2024 Actual | Fiscal Year 2023 Actual | |
|---|---|---|---|---|---|
| Input Indicators | |||||
| Total expenditures - all sources (in thousands) (a) | $ 3,688.0 | $ 0.0 | $ 3,270.0 | $ 515.0 | $ 0.0 |
| Total expenditures - state appropriated funds (in thousands) (a) | $ 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 loan participants | 18.0 | 0.0 | 16.0 | 3.0 | N/A |
| Estimated interest costs saved based on all loans outstanding at a projected interest rate of 4% (in thousands) | $ 204.0 | $ 73.0 | $ 204.0 | $ 86.0 | $ 79.0 |
Footnotes
As a result of supply chain backlogs during fiscal year 2025, no expenditures were incurred.
