Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of St. George Cathedral Manor 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 select portion of the operations of St. George Cathedral Manor, it is not intended to and does not present the financial position, changes in net assets, or cash flows of St. George Cathedral Manor.
St. George Cathedral Manor has received a U.S. Department of Housing and Urban Development capital advance under section 202 of the National Housing Act. The Loan balance outstanding at the beginning of the year is included in federal expenditures presented in the Schedule. St. George Cathedral Manor received no additional loans during the year. The balance of the loan outstanding at December 31, 2024 is $5,113,000.