Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Sheltering Arms Housing Corporation under programs of the federal government for the year ended June 30, 2025. 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of Sheltering Arms Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Sheltering Arms Housing Corporation.
The balance of the Section 811 loan as of June 30, 2025 was $1,600,600