Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of West End Associates, Inc., HUD Project No.: 023-EE129, 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 West End Associates, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of West End Associates, Inc.
West End Associates, Inc. has received a U.S. Department of Housing and Urban Development capital advance under Section 202 of the National Housing Act. The capital advance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. West End Associates, Inc. received no additional advances during the year. The balance of the advance outstanding at June 30, 2025 consists of the following: See the Notes to the SEFA for table.