Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal activity of FiveCAP, Inc. (the Agency) under programs of the federal government for the year ended September 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.
The Agency has two community facility loans payable to the U.S. Department of Agriculture (ALN #10.766). Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at September 30, 2025, consists of the following: Loan #97-09 $ 103,335 Loan #97-13 33,774