Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Natchitoches-Thomas Apartments, Inc., HUD Project No. 059-35056-SUP-NP, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Natchitoches-Thomas Apartments, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Natchitoches-Thomas Apartments, Inc..
The outstanding balance of the Section 201 Flexible Subsidy Assistance Direct Loan at June 30, 2024 was $0.