Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Lower Cape Cod Community Development d/b/a Community Development Partnership (CDP) 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 Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of CDP it is not intended to and does not present the financial position, changes in net assets, or cash flows of CDP.The dollar threshold used to distinguish Type A and Type B programs according to 2CFR 200.518(b)(1) is determined to be $750,000. There were no awards received that were passed through to subrecipients.
Balances of loans and loan guarantee programs outstanding as of June 30, 2025 for loans described in 2 CFR section 200.502(b) are as follows: Assistance Listing Number 14.239 Pgrogram name Home Investment Partnerships Program Begin Balances of 06/30/24 $2,256,000 Outstanding Balnace 06/30/2025 $2,256,000 Assistance Listing Number 14.228 Community Development Block Grants/State's program and Non-Entitlement Grants in Hawaii Beginning balance as of 06/30/24 $917,713 Oustanding balance 06/30/25 $917,713 Assistance Listing Number 10.415 Rural Rental Housing Loans Begining balance of 06/30/24 $906,802 Oustanding balance of 06/30/24 $895,717
The CDP receives an interest credit subsidy from USDA that does not result in cash receipts or disbursements. For the year ended June 30, 2025, the CDP received and expensed $45,762 worth of non-cash interest credit subsidy under assistance listing 10.415 - Rural Rental Housing Loan Program. This amount is included in the amount presented on the Schedule of Expenditures of Federal Awards.