Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Columbus Property Management and Development, Inc. 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). All awards received directly from federal agencies as well as federal awards passed through governmental agencies or not-for-profit organizations are required to be shown as expenditures are included on the Schedule. Because the Schedule presents only a selected portion of the operations of Columbus Property Management and Development, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Columbus Property Management and Development, Inc.
Columbus Property Management and Development, Inc. has received a U.S. Department of Housing and Urban Development loan. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Columbus Property Management and Development, Inc. received no additional federal loans during the year. The balance of the loan outstanding at June 30, 2025, consists of: "See the Notes to the SEFA for chart/table".