Notes to SEFA
THE ACCOMPANYING SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS (THE "SCHEDULE") INCLUDES THE FEDERAL GRANT ACTIVITY OF CAMPBELL APARTMENTS, INC., HUD PROJECT NO: 042-HD029, UNDER THE PROGRAMS OF THE FEDERAL GOVERNMENT FOR YEARS 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 ADMINISTRATION REQUIREMENTS COST PRINCIPLES AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS (UNIFORM GUIDANCE). BECAUSE THE SCHEDULE PRESENTS ONLY A SELECTED PORTION OF THE OPERATIONS OF CAMPBELL APARTMENTS, INC. HUD PROJECT NO: 042-HD029 IT IS NOT INTENDED TO AND DOES NOT PRESENT THE FINANCIAL POSITION, CHANGES IN NET ASSETS AND CASH FLOWS OF CAMPBELL APARTMENTS, INC. HUD PROJECT NO: 042-HD029.
THE AMOUNT OF $1,036,600 SHOWN ON THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS REPRESENTS THE CAPITAL ADVANCE FROM HUD OUTSTANDING AT THE BEGINNING OF THE YEAR. THERE WERE NO LOANS OR CAPITAL ADVANCES MADE DURING THE YEAR. THE BALANCE OF THE LOANS OUTSTANDING AT JUNE 30, 2025 AMOUNTED TO $1,036,600