Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of Friends of JCDS, Inc. (“the Organization”) 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 assets, or cash flows of the Organization.
The Organization received funding through the Affordable Housing Program (AHP) administered by the Federal Home Loan Bank of Topeka (FHLBank Topeka). The AHP is overseen by the Federal Housing Finance Agency (FHFA) but is not assigned a federal assistance listing number and is not subject to the requirements of the Uniform Guidance (2 CFR Part 200). The amount reported in the Schedule represents actual expenditures incurred during the fiscal year under the AHP grant agreement (Project No. 2021A10014), which supports affordable housing development for individuals with intellectual and developmental disabilities. The grant agreement includes a 15-year retention period and compliance monitoring requirements. The Organization is responsible for maintaining documentation to support eligibility, expenditures, and compliance with program terms. No other federal awards were commingled with this funding during the reporting period.