DelVal Financial Information

​​​DelVal's net position has increased by $6.46 million over the past five years, but net position declined by $772,000 in 2018. The decline was principally due to reductions of swap revenues following bond redemptions and an increase of costs of issuance.

DelVal Finantial Information Graph1

​The Program Administrator prepares quarterly activity reports on the DelVal Loan Program that are provided to credit enhancers, swap counterparties, and investors. 

Pro forma stress tests are prepared for the audit and the credit reviews of the rating agencies. Three scenarios are considered:

  1. The base case of repaying debt as scheduled,
  2. The runoff of repaying debt that can be optionally redeemed as soon as possible, and
  3. The new debt scenario of new debt issues to maintain the Loan Program. ​​

Financial statements, rating agency reports, quarterly reports, and the Excel files used for the stress tests are in the document libraries below.  You will be redirected to a Box Folder.​​​​