Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of White River Regional Housing Authority 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 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 White River Regional Housing Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of White River Regional Housing Authority.The USDA-RD loans have an outstanding balance of $2,592,715 at the beginning of the fiscal year. Due to the continuing compliance requirements related to these loans, the entire balance has been considered a current year federal award in accordance with Uniform Guidance. The mortgage interest subsidy of $210,342 is included in the award amount.