Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Elderly Housing of West Union, Inc. (the “Project”) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the presentation of, the financial statements.
The Project provided no federal awards to subrecipients during the fiscal year ended June 30, 2025.
Included in the amounts shown on the schedule of federal assistance is a loan. The Project has a HUD-insured loan with an outstanding balance of $1,353,625 as of June 30, 2025.