Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Metro Community Development, Inc. 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 Metro Community Development, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Metro Community Development, Inc.
Assistance listing number 59.046 has a loan balance of $ 1,113,768 at June 30, 2025.
The following reconciles the federal revenues reported in the June 30, 2025 Financial Statements to the expenditures of the entity’s administered Federal programs reported on the Schedule of Expenditures of Federal Awards: Revenues from Federal Grants per financial statements - $ 2,960,625 Add: Small Business Administration beginning loan balance and new loans - 1,351,310 Add: NeighborWorks America grant expenditures per financial statements - 195,750 Federal expenditures per schedule of expenditures of federal awards. - $ 4,507,685