Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Impact Mukwonago, LLC under programs of the federal government. The 18 month reporting period is based on the request of the federal funding sources. 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 the Company, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Company.
Impact Mukwonago, LLC has received a Rural Development insured loan. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. The balance of the loan outstanding at December 31, 2025 consists of: CFDA Number - 10.447; Program Name - Revitalization Demonstration Program, Loans outstanding; Outstanding Balance at December 31 2025 - $2108403