The accompanying schedule of expenditures of Federal awards (the "Schedule") includes the federal award activity of Community First Fund and Subsidiaries under programs of the Federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with 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 Community First Fund and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Community First Fund and Subsidiaries.
Bonds outstanding at the beginning of the year and bond funding drawn during the year are included in the federal expenditures presented in the schedule of expenditures of federal awards. The balance of bonds outstanding at June 30, 2025, consists of: Beginning balance, July 1, 2024 $6,884,265 Bond funding drawn - Schedule of Federal Awards, balance, June 30, 2025 6,884,265 Repayments (230,181) Ending balance, June 30, 2024 $6,654,084
Loans outstanding at the beginning of the year and loan funding drawn during the year are included in the federal expenditures presented in the schedule of expenditures of federal awards. The balance of loans outstanding at June 30, 2025, consists of: Beginning balance, July 1, 2024 $819,815 Loan funding draw 0 Schedule of Federal Awards, balance, June 30, 2025 $819,815 Repayments (320,902) Ending balance, June 30, 2025 $498,913
The loan outstanding at the beginning of the year and loan funding drawn during the year are included in the federal expenditures presented in the schedule of expenditures of federal awards. The balance of the loan outstanding at June 30, 2025, consists of: Beginning balance, July 1, 2024 $319,479 Repayments (319,479) Ending balance, June 30, 2025 $0