Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Decatur Christian Towers, LLC and is presented on the accrual basis of accounting. 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 Decatur Christian Towers, LLC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Decatur Christian Towers, LLC.
Decatur Christian Towers, LLC has received a U.S. Department of Housing and Urban Development insured loan under Section 223(f). The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Decatur Christian Towers, LLC received no additional loans during the year. The balance of the loan outstanding at June 30, 2025 consists of: Federal Assistance Listing Number - 14.155; Program Name - Mortgage Insurance for the Purchase of or Refinancing of existing Multifamily Housing Projects; Outstanding Balance at June 30 2025 - $3891059