Notes to SEFA
In accordance with the Uniform Guidance, §200.502 Basis for determining Federal awards expended, since the federal government is at risk for loans and loan guarantees awarded until the debt is repaid, the amount to be presented as expenditures of federal awards for loans and loan guarantees awarded, including those awarded and expended in prior years that have continuing compliance requirements, is: (1) Value of new loans or loan guarantees made or received during the audit period; plus (2) Beginning of the audit period balance of loans and loan guarantees from previous years for which the federal government imposes continuing compliance requirements; plus (3) Any interest subsidy, cash, or administrative cost allowance received. Accordingly, the Organization has reported loans and loan guarantees awarded in accordance with the aforementioned criteria. Amounts presented as expenditures of federal awards for loan and loan guarantee programs by federal assistance listing number are as follows: 10.766 10.767 10.870 59.062 Value of new loans made $ - $ - $ - $ - Value of new loan guarantees made - - - - Loan balance, beginning of the year 726,548 2,016,094 33,607 426,678 Total expenditures of federal awards presented for loan and loan guarantee programs 726,548 2,016,094 33,607 426,678 Balance of loans and loan guarantees at June 30, 2025 $ 716,000 $1,900,488 $ 20,891 $ 369,450