Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal loan and grant activity of the Organization under programs of the federal government for the year ended December 31, 2021. The information in this Schedule is presented in accordance with the requirements of the 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 financial position, or cash flows of the Organization.
The Organization had the following loan balances outstanding at December 31, 2021. The federal portion of the loans outstanding are included in the federal expenditures presented in the Schedule.