Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Corporation under programs of the federal government for the year ended April 30, 2025. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the Corporation’s operations, it is not intended to be and does not present the financial position, changes in net position, or cash flows of the Corporation.
There were no subrecipients of the Corporation’s programs during the year ended April 30, 2025.
The amounts shown as current year expenses represent only the (federal/state/local) grant portion of the program costs. Entire program costs, including the Corporation’s portion, may be more than shown.
The outstanding balances of loan programs on April 30, 2025 were as follows: Federal CFDA Outstanding Federal Program Number Loan Balance Mortgage Insurance Rental and Cooperative Housing for Moderate Income Families and Elderly, Market Interest Rat 14.135 $12,177,878
No noncash awards existed in the current year.