Notes to SEFA
The authority receives interest credit subsidy from USDA that does not result in cash receipts or disbursements. For the year ended December 31, 2024, the Authority received and expensed $78,188 worth of non-cash interest credit subsidy under CFDA #: 10-415 - Rural Rental Housing Loan Program. This amount is included in the schedule as the sum of $14,879 and $63,309.
The beginning outstanding balances of loans under the CFDA: 10-415 - Rural Rental Housing Loan Program with continuing compliance requirements presented in the schedule is $988,877, which is the sum of $187,823 and $801,054. As of December 31, 2024, the outstanding balance of the loans were $163,391 and $777,693 respectively.