Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of McHenry County Housing Authority (the "Housing Authority") 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The amounts presented in this schedule equal the amounts used in the presentation of the financial statements.
Included in the amounts shown on the accompanying schedule of federal awards are loans - Assistance Listing Number - 10.415 payable to United States Rural Development. The total HUD-insured portion of the mortgages have an outstanding balance of $1,903,715 as of June 30, 2025.