Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of The Rodney Scheel House Foundation, Ltd. under programs of the federal government for the year ended December 31, 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 Rodney Scheel House Foundation, Ltd., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Rodney Scheel House Foundation, Ltd.
The balance of the capital advance from the Department of Housing and Urban Development at December 31, 2025 was $1,354,314. The balance of the capital advance from the City of Madison at December 31, 2025 was $218,115.
The Rodney Scheel House Foundation, Ltd. did not have any subrecipients during the year ended December 31, 2025.