Notes to SEFA
Ventana Fund did not provide federal awards to subrecipients during the year ended September 30, 2025.
No non-cash federal assistance was received during the year ended September 30, 2025.
Federal loan programs listed below are administered directly by Ventana Fund, and balances and transactions relating to these programs are included in Ventana Fund’s financial statements. Federal expenditures for loan programs included in the SEFA represent the value of new loans made during the year plus the beginning-of-year balance of loans from prior years for which the federal government imposes continuing compliance requirements, plus any related interest subsidy, cash, or administrative cost allowance received. The loan activity related to Federal Funding at September 30, 2025 consist of: [TABLE]