Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Flenniken Square Housing, LLC, HUD Project No. 087-11076, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of the 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 Flenniken Square Housing, LLC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Flenniken Square Housing, LLC.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of South Ridge Housing, LLC, HUD Project No. 087-11099, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 of the 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 South Ridge Housing, LLC, it is not intended to and does not present the financial position, changes in net assets, or cash flows of South Ridge Housing, LLC.