Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of HCC Network 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 for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of HCC Network it is not intended to and does not present the financial position, results of operations, changes in net assets, or cash flows of HCC Network.
The federal loan programs listed subsequently are administered directly by HCC Network and balances and transactions relating to these programs are included in HCC Network’s basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2025, consists of: See the Notes to the SEFA for chart/table