Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of CHWC, 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 (the “Uniform Guidance”). Because the schedule presents only a selected portion of the operations of CHWC, Inc. and Subsidiaries, it is not intended to and does not present the financial position, activities and changes in net assets or cash flows of CHWC, Inc. and Subsidiaries. As of December 31, 2024 the balance of the loans CHWC, Inc. and Subsidiaries received under the U.S. Department of Housing and Urban Development HOME Investment Partnership Program was $350,000.