Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the Authority 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, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes of net assets, or cash flows of the Authority.
The Authority has borrowed funds from and guaranteed repayment of the funds to the United States Department of Agriculture (USDA) – Rural Rental Housing Loan Program in the amount of $213,119 as of June 30, 2025.