The accompanying schedule of expenditures of federal awards ("schedule") includes the federal grant activity of Capital University 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"). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the University, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the University.
During 2025, the University distributed $0 in Perkins loans. Cash on hand at year end totaled $156,849. Loans outstanding at June 30, 2025, including the portion distributed from University funds, totaled $76,112. Loans outstanding at the beginning of the year and cash on hand are included in the federal expenditures presented in the schedule.
The University originates but does not provide funding for Federal Direct Loans ("FDSLs").
During 2025, the University distributed $78,879 in Nursing Student Loans, which included $0 of new federal funds. Cash on hand at year end totaled $129,098. Loans outstanding at June 30, 2025, including the portion distributed from University funds, totaled $436,380. Loans outstanding at the beginning of the year, loans made during the year, and cash on hand are included in the federal expenditures presented in the schedule.
During 2025, the University distributed $14,220 in Nursing Faculty Loans, which included $0 of new federal funds. Cash on hand at year end totaled $628,693. Loans outstanding at June 30, 2025, including the portion distributed from University funds, totaled $200,190. Loans outstanding at the beginning of the year, loans made during the year, and cash on hand are included in the federal expenditures presented in the schedule.