Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Wyoming Community Development Authority (the “Authority”) under programs of the federal government for the year ended June 30, 2025. The information on this Schedule is prepared 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 the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.
See the Notes to the SEFA for chart/table.
The Authority earns program income on its federal programs. Most of the program income comes from sales of properties originally purchased or renovated with federal funds and from interest and repayment of principal on the loans for those properties. Program income is reported on the Schedule of Expenditures of Federal Awards when the program income has been expended for federal purposes.
See the Notes to the SEFA for chart/table.