Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the federal award activities in all federal awards of Mins Court Housing Company, Inc. All financial assistance received directly from federal agencies, as well as financial assistance passed through other governmental agencies or nonprofit organizations, is included on the Schedule.
Federal expenditures are reported on the statement of activities as operating expenses before depreciation. The expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contract budget limitations or agency matching or in-kind contributions that are not included as federal awards.
The Schedule includes the federal award activity of Mins Court Housing Company, Inc. under programs of the federal government for the year ended December 31, 2025. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Mins Court Housing Company, Inc., it is not intended to and does not present the financial position, changes in net deficit or cash flows of Mins Court Housing Company, Inc.