Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the activity of all financial assistance programs of Community Options, Inc. and Affiliates (the “Corporation”) 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 Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Corporation. All financial assistance received directly from federal agencies as well as federal awards passed through other governmental agencies or non-profit organizations are included in the schedule of expenditures of federal awards and state financial assistance.
The Corporation received pass-through U.S. Department of Housing and Urban Development HOME Investment Partnerships program loans from Middlesex County, New Jersey. The loan balance included as federal expenditures is the balance of the loans received during the year ended June 30, 2025. The balance of the loans outstanding at June 30, 2025 was $521,095.