Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes federal award activity of the Housing Authority of the City of Belle Glade, Florida (the Authority) and 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 the Authority, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Authority.
Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of the Authority for the return of those funds. In the opinion of management, all grant expenditures were in compliance with the terms of the grant agreements and applicable state laws and regulations.
This program had $1,750,000 of loans outstanding at September 30, 2025, and no new loan proceeds were received during the year ended September 30, 2025.