Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal grant and loan activity of the Project and is presented on the accrual basis of accounting. The information in this schedule is presented iri 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. The purpose of the Schedule is to present a summary of those activities of the Project for the year ended August 31, 2025, which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between The Project and the federal government.
Casa Maria Del Rio has received U.S. Department of Housing and Urban Development forgivable advance through the Section 811 program. The federal expenditures for the advance shown on the schedule include balances of advances from previous years for which compliance requirements continue. The balance of the capital advance was $2,424,700 as of August 31, 2025.