Notes to SEFA
The schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Shelterhouse Volunteer Group, Inc. and Affiliates 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). Therefore, some amounts presented on this schedule may differ from those amounts presented in, or used in, the preparation of the basic consolidated financial statements.
The Community Development Block Grants Section 108 Loan Guarantees are administered directly by Shelterhouse Volunteer Group, Inc. and Affiliates, and balances and transactions relating to this program are included in Shelterhouse Volunteer Group, Inc. and Affiliates’ consolidated 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 was $3,850,000.