Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of The Resource, Inc. For Community and Economic Development 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 The Resource, Inc. for Community and Economic Development it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Resource, Inc. for Community and Economic Development. 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: CFDA# 14.239 $499,983