Notes to SEFA
The City participates in certain federal award programs that sponsor revolving loan programs, which are administered by the City. These programs required servicing arrangements with the City. The funds are returned to the programs upon repayment of the principal and interest. Current year transactions relating to these programs are included in the Schedule of Expenditures of Federal Awards. In accordance with 2 CFR section 200.502(b), the balance of loan program outstanding June 30, 2025, are as follows: ALN #14.218 CDBG Loans - balance at June 30, 2025 $357,160 and ALN #14.239 HOME Loans - balance at June 30, 2025 $4,493,563.