The mortgage balances at the beginning of the year are included in the federal expenditures presented in this Schedule. Merced had the following federal loan balances outstanding at June 30, 2025: AL Number of 14.239, Subrecipient of Kings Court, Program Title of Home Investment Partnerships –“Home Program”, Outstanding Balance at June 30, 2025 of $30,173; AL Number of 14.239, Subrecipient of Kings Court, Program Title of Home Investment Partnerships –“Home Program”, Outstanding Balance at June 30, 2025 of $151,000; AL Number of 14.218, Subrecipient of Eleanor Apartments, Program Title of Community Development Block Grant, Outstanding Balance at June 30, 2025 of $12,045; AL Number of 14.155, Subrecipient of Stablewood, Program Title of HUD Guaranteed Mortgage - Section 223(a)(7), Outstanding Balance at June 30, 2025 of $21,120,671; AL Number of 14.155, Subrecipient of Elmhurst, Program Title of HUD Guaranteed Mortgage - Section 223(f), Outstanding Balance at June 30, 2025 of $309,548; AL Number of 14.218, Subrecipient of Bellshire, Program Title of Community Development Block Grant, Outstanding Balance at June 30, 2025 of $6,562,822; AL Number of 14.135, Subrecipient of Riversquare, Program Title of HUD Guaranteed Mortgage - Section 221(d)(4), Outstanding Balance at June 30, 2025 of $4,898,705; AL Number of 14.135, Subrecipient of Navigation, Program Title of HUD Guaranteed Mortgage - Section 221(a)(7), Outstanding Balance at June 30, 2025 of $2,914,793; AL Number of 14.438, Subrecipient of Fenner, Program Title of USDA Guaranteed Mortgage – Section 538, Outstanding Balance at June 30, 2025 of $663,940.