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16. SUBSEQUENT EVENTS Management has evaluated subsequent events through the date of this report, which is the date the financial statements are available for issuance. 17. TAX ABATEMENTS The Village may, from time to time, enter into property tax abatement agreements with local businesses for the purpose of attracting or retaining businesses within the Village’s jurisdiction. The Village collected $14,326 during the year ended May 31, 2025 in payments in lieu of taxes (PILOT.”) One of the PILOT agreements is with a not-for-profit entity which qualifies for real property tax exemption per New York State law. The Village collected $10,500 from this entity per the agreement. The second PILOT agreement is with a for-profit entity. The Village collected $3,826 per this agreement in lieu of $6,377 in property taxes. The Village abated property taxes totaling $2,551. . 32