Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the A New Leaf, Inc. and Subsidiaries 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Organization it is not intended to and does not present the financial position, changes in net asset or cash flows of the Organization.
The Housing Trust Fund is passed through the Oklahoma Housing Finance Agency. The balances and transactions related to this program are included in A New Leaf, Inc. and Subsidiary's consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2024 was $1,350,000.
During 2024, the Organization was awarded Coronavirus State and Local Fiscal Recovery Funds, Assisted Living Number 21.027 for the amount of $624,288. Per the grant budget period, grantees were permitted to request reimbursement for certain pre-award costs incurred on or after March 3, 2021 and be included in the Schedule for 2024.