Notes to SEFA
The amount expended under AL 10.766, Community Facilities Loans and Grants, represents the beginning loan of a U.S. Department of Agriculture loan agreement. The loan had an outstanding principal balance of $679,238 as of March 31, 2025.
Federal awards revenue for the year ended March 31, 2025 is reported as follows: Expenditures per schedule of expenditures of federal awards $4,473,897 Community Facilities Loans and Grants (AL# 10.766) - Represents the beginning loan balance of loan agreement with U.S. Department of Agriculture. (717,066) Federal grants per statement of activities $3,756,831