Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Folsom Oaks 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, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of Folsom Oaks’ operations, it is not intended to be and does not present the financial position, changes in net position, or cash flows of Folsom Oaks.
There were no subrecipients of Folsom Oaks’ programs during the year ended June 30, 2025.
The amounts shown as current year expenses represent only the (federal/state/local) grant portion of the program costs. Entire program costs, including Folsom Oaks’ portion, may be more than shown.
The outstanding balances of loan programs were as follows: Federal Program: Supportice Housing for Persons with Disabilities; Federal CFDA Number: 14.181; Outstanding Loan Balance: $3,484,200
No noncash awards existed in the current year.