Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Sallal Water Association under programs of the federal government for the year ended December 31, 2024. 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, Cost Principles, and Audit Requirements for Federal Awards (OMB Super Circular). Because the schedule presents only a selected portion of the operations of Sallal Water Association, it is not intended to and does not present the financial position, changes in net assets or cash flows of Sallal Water Association.
Sallal Water Association had the following notes payable at December 31, 2024: Federal Outstanding Assistance Pass-through Contract Loan Listing Entity Number Balance 10.760 USDA 56-017-365453996 $ 1 ,954,466 10.760 USDA 56-017-237091727 6,362,240 $ 8,316,706