Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Williamsburg Area Improved Dwellings, Inc. (the “Organization”) under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirements of the Office of Management and Budget (OMB) Uniform Guidance. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Organization.
Expenditures reported in the Schedule of Federal Awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are recognized are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available. The Federal CFDA number refers to the designation of the program within the Catalog of Federal Domestic Assistance.
The objectives of the major federal program as described in the Catalog of Federal Domestic Assistance is: CFDA No. 10.415 Rural Rental Housing Loans To provide loans to construct, rehabilitate, and repair housing suited for very low, low and moderate income individuals living in rural areas. Additionally, loans are provided to provide housing for senior citizens living independently or living in congregate care facilities, and handicapped individuals living in rural areas.
See the Notes to the SEFA for chart/ table