Notes to SEFA
The accompanying schedule of expenditures of Federal awards (the “Schedule”) includes the Federal award activity of Jennings Manor Housing Corporation 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 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 Jennings Manor Housing Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Jennings Manor Housing Corporation.
Jennings Manor Housing Corporation has received a U.S. Department of Housing and Urban Development capital advance under Section 202 of the National Housing Act. The capital advance balance outstanding at the beginning of the year is included in the Federal expenditures presented in the Schedule. Jennings Manor Housing Corporation received no additional advances during the year. The balance of the capital advance outstanding at June 30, 2025 consists of: Assistance listign number: 14.157, Program name: Section 202 Supportive Housing for the Elderly, Outstanding balance at June 30, 2025: $4,243,600