Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the activity of all federal financial assistance programs of CMRS Whitefield, Inc. (the Organization), U.S. Department of Housing and Urban Development Project No. 024-EE015. The information in the 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 portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net deficit or cash flows of the Organization.
The Supportive Housing Program expenditures include an outstanding capital advance of $1,697,700 at June 30, 2025.