Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal rental assistance of Frederick Court Development Corporation under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Frederick Court Development Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of Frederick Court Development Corporation. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal rental assistance of Frederick Court Development Corporation under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Frederick Court Development Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of Frederick Court Development Corporation.
Balances of loan and loan guarantee programs outstanding as of June 30, 2025 for loans described in 2 CFR section 200.502(b) areas follows: Assitance Listing Number 14.157 Program Name Supportive Housing for the Elderly ( section 202 direct loan) Beginning balance 6/30/2024 $2,865,000 New loans from 7/1/2024-6/30/25 $0 Outstanding balance as of 6/30/25 $2,865,000