Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Cocoon House (the Agency), under programs of the federal government for the year ended June 30, 2025. The information in the 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. Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency.
Of the federal expenditures presented in the Schedule, the Agency provided none of the federal awards to subrecipients.
Loans with continuing compliance requirements presented on the Schedule were passed through from the U.S. Department of Housing and Urban Development. Loans are forgivable on the maturity dates as long as Cocoon House remains in compliance with certain program regulations through maturity. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2025 consisted of: Outstanding Purpose ALN Maturity Date Balance Complex 14.218 June 2035 $258,334 Colby Youth Center 14.218 May 2037 63,269 Colby Youth Center 14.218 January 2038 60,000 Colby Youth Center 14.218 August 2039 131,539 Total Community Development Block Grant Program 513,142 Colby Avenue Youth Center 14.239 June 2059 400,000 Colby Avenue Youth Center 14.239 June 2059 925,000 Total Home Investment Partnership Program 1,325,000 Grand Total $1,838,142