Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of Operation Threshold under programs of the federal government for the year ended September 30, 2023. 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 Operation Threshold, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Operation Threshold.
The federal government imposes continuing compliance requirements on the HOME Program promissory note dated 3/10/99. The balance of this loan at the end of the audit period is $-0-.