Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the Schedules) includes the federal and state award activity of the City under programs of the federal and state government for the year ended December 31, 2024. The information in these Schedules are presented in accordance with the requirements of 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Wisconsin State Single Audit Guidelines issued by the Wisconsin Department of Administration. Because the Schedules presents only a selected portion of the operations of the City, they are not intended to and does not present the financial position, changes in net assets, or cash flows of the City. The Housing Authority is audited separately, in accordance with Government Auditing Standards, Uniform Guidance, and the Wisconsin State Single Audit Guidelines. A separate report on federal and state awards is prepared for the Housing Authority and, accordingly, those federal and state funds are not included in this report. State programs reported include only those programs required to be included by the State Single Audit Guidelines.
Loan balances of federally funded loan programs at December 31, 2024, included the following: Outstanding Loans as of December 31, ALN # Program 2024 14.218 Community Development Block Grant $89,669 14.239 Home Investment Partnership Program 2,289,238 14.228 Neighborhood Stabilization Program 71,180