Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Octavia Court, Inc. under programs of the federal government for the year ended December 31, 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 Octavia Court, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Octavia Court, Inc.
The outstanding balance on the federal capital advance loan which was fully received before 2025 is $2,600,300 of the federal expenditures reported.