Notes to SEFA
Matching costs (i.e., the nonfederal share of certain program costs) are not included in the accompanying SEFA.
No amounts were provided to subrecipients.
Included in the SEFA is a mortgage loan insured under the provisions of the U.S. Department of Housing and Urban Development - Mortgage Insurance: Nursing Homes, Intermediate Care Facilities, Board and Care Homes and Assisted Living Facilities program. In accordance with section 502(b) of the Uniform Guidance, the loan balance outstanding at the beginning of the period is included as the federal expenditures presented in the Schedule. At December 31, 2024, the outstanding balance of the loan was $2,271,427. Refer to Note 7 of the accompanying financial statements for additional information on this loan.
The regulations and guidelines governing the preparation of federal financial reports vary by federal agency and among programs administered by the same agency. Accordingly, the amounts reported in federal financial reports do not necessarily agree with the amounts reported in the accompanying SEFA which is prepared on the accrual basis of accounting.