Notes to SEFA
The Schedule includes the federal grant activity of the Organization under programs of the Federal government for the year ended June 30, 2025. The information in the 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 Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
The Section 202 capital advance and HOME loan which were received in prior fiscal years are included on the Schedule at their outstanding balances as of July 1, 2024 plus additional proceeds received in fiscal year 2025 as they include continuing compliance requirements from the U.S. Department of Housing and Urban Development. During 2025, no additional proceeds were received and no payments made. At June 30, 2025, the outstanding capital advance and HOME loan balances were $1,607,700 and $710,000, respectively.
There were no pass through federal awards made to subrecipients by the Organization during 2025.