Notes to SEFA
Expenditures reported on the Schedule consist of 90% of the beginning of the year outstanding balance of the Care Center’s USDA guaranteed loan. The total outstanding balance of the loan as of July 1, 2024, was $4,657,590, of which 90% is $4,191,831 and is the amount reported on the Schedule. If applicable, 90% of any advances made on the loan during the year would also be reported on the Schedule. The Care Center did not make any advances during the year ended June 30, 2025. The outstanding balance of the Care Center’s USDA guaranteed loan as of June 30, 2025, was $4,585,280, of which 90% totals $4,126,752.