The accompanying schedule of expenditures of federal awards includes the federal award activity of Realife
Cooperative of Bloomington on Lyndale 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). Because the Schedule presents only a selected portion of the operations of Realife Cooperative of
Bloomington on Lyndale, it is not intended to and does not present the financial positions, changes in net assets
(deficit), or cash flows of Realife Cooperative of Bloomington on Lyndale.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are
recognized following the cost principles contained in the Uniform Guidance, wherein certain type of expenditures are
not allowable or are limited as to reimbursement. Realife Cooperative of Bloomington on Lyndale has elected not to
use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
Realife Cooperative of Bloomington on Lyndale has received a U. S. Department of Housing and Urban
Development loan under Section 213 of the National Housing Act. The loan balance outstanding at the beginning of
the year is included in the federal expenditures presented in the Schedule. Realife Cooperative of Bloomington on
Lyndale received no additional loans during the year. The balance of the loan outstanding at October 31, 2025 was $10,019,756.