Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the activity of all Federal award programs of Bethesda House of Schenectady, Inc. (Bethesda House) 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 Bethesda House, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethesda House.
Bethesda House did not subcontract with other organizations using federal awards during 2025.
Bethesda House did not receive or expend federal awards in the form of non-cash assistance during the year ended June 30, 2025.
U.S. Department of Housing and Urban Development Contract # NY06B40-7001: Expenditure of $400,000 represents funds used for the acquisition, rehabilitation, or construction of property. These funds are subject to a 20 year lien expiring December 2030. The funds were expended in the fiscal year ended June 30, 2007. Bethesda House had no other federal loans or loan guarantees outstanding as of June 30, 2025.
The accompanying Schedule of Expenditures of Federal Awards does not include matching costs.