Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Area IV Mental Health Services Coalition d/b/a Common Ties Mental Health Services 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 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 expenditures presented in the Schedule of Expenditures of Federal Awards, Area IV Mental Health Services Coalition d/b/a Common Ties Mental Health Services did not provide awards to subrecipients.
In response to the Coronavirus (COVID-19) pandemic, the U.S. Small Business Administration provided Economic Injury Disaster Loans (EIDL loan) to eligible organizations. The purpose of the EIDL loan was to provide funding to meet financial obligations and operating expense that could have been met had the disaster not occurred. Payments on the EIDL loan are deferred for one year from the date the promissory note and interest will accrue during the deferment period. The Agency is required to maintain supporting documentation for EIDL loan funds spent and retain the documentation for three years from the date of the final disbursement. The Agency has also agreed, to the extent feasible, to purchase only American-made equipment and products with the proceeds from the EIDL loan. The EIDL loan is considered federal financial assistance and therefore the outstanding balance of the loan at June 30, 2025 is included in the federal expenditures schedule.