Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Oak Hill, Inc. under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is resented 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 Oak Hill, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Oak Hill, Inc.The dollar threshold used to distinguish Type A and Type B programs according to 2CFR 200.518(b)(1) is determined to be $750,000. All expenditures of federal awards on this Schedule were received directly from a federal agency. There were no awards received that were passed through to subrecipients.
The Program receives an interest credit subsidy from USDA that does not result in cash receipts or disbursements. For the year ended June 30, 2025, the Program received and expensed $187,149 worth of non-cash interest credit subsidy under Assistance Listing # 10.415 - Rural Rental Housing Loan Program. This amount is included in the amount presented on the Schedule of Expenditures of Federal Awards.
Balances of loan and loan guarantee programs outstanding as of June 30, 2025 for loans described in 2 CFR section 200.502(b) are as follows: Assistance Listing Number #10.415, Program Name- Rural Rental Housing Loans, Beginning balance 06/30/2024 $2,160,945, New loans from 07/01/24-06/30/25 $0, Outstanding balance 06/30/25 $2,096,907.