Notes to SEFA
The Council is the recipient of certain non-cash assistance from various federal awarding agencies and pass-through entities. Revenues and expenditures are recorded for the value of the non-cash assistance received.
Of the federal expenditures presented in the schedule, the Council provided federal awards to subrecipients as follows: Program Title - Special Programs for the Aging, Title III, Part B, Grants for Supportive Services and Senior Centers; Assistance Listing Number – 93.044; Amounts Provided to Subrecipients – $69,304 — Program Title - Special Programs for the Aging, Title III, Part C, Nutrition Services; Assistance Listing Number – 93.045; Amounts Provided to Subrecipients – $137,047.
The Council received funds from the U.S. Department of Commerce to capitalize the COVID-19 CARES Act Revolving Loan Fund (RLF). The expenditure of Federal awards is computed in accordance with the OMB Compliance Supplement for Assistance Listing Number 11.307. The amount reported as expenditures of Federal awards for the program is as follows: Balance of RLF principal outstanding on loans at the end of the recipient's fiscal year, plus $718,625; Cash and investment balance in the RLF at the end of the recipient's fiscal year, plus $276,165; Administrative expenses paid using RLF income during the recipient's fiscal year, plus $0; Unpaid principal of all loans written off during the recipient's fiscal year $0; Total $994,790; Federal share of the RLF award 100%; Expenditures of Federal Awards $994,790