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U.S. TRADE AND DEVELOPMENT AGENCY
STATEMENTS OF NET COST
For the Years Ended September 30, 2020 and 2019
Cost of Operations:
Grants program costs Less earned revenue
Net cost of operations (Note 10)
2020 2019
  $ 59,973,546 (3,196,744)
$ 56,776,802
$ 63,201,839 (3,347,139)
$ 59,854,700
        The accompanying notes are an integral part of these statements.
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