Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Central New Mexico Housing Corporation under programs of the federal government for the year ended June 30, 2025, and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Uniform Grant Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Central New Mexico Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Central New Mexico Housing Corporation. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the basic financial statements.
Central New Mexico Housing Corporation does not have any outstanding federally-funded loans or federal loan guarantees, nor do they provide federal awards to Subrecipients. No federally-funded insurance was in effect during the year ended June 30, 2025. No non-cash awards were received or expended during the year ended June 30, 2025. Central New Mexico Housing Corporation has elected to not use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
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