Notes to SEFA
The schedule of expenditures of federal awards includes the federal grant and loan activity of Kalona Vallye Apartments, Inc. under programs of the federal government for the year ended August 31, 2024. 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 Kalona Valley Apartments, Inc. it is not intended to and does not present the financial position, change in net assets, or cash flows of Kalona Valley Apartments, Inc.
There were no awards passed through to subrecipients.