Notes to SEFA
The Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of UCEDC (the “Corporation”) 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 the Corporation, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Corporation.
Loan balances at the beginning of the year are presented on the Schedule. At December 31, 2025, the following amounts were outstanding under the loans made from the following sources: See the Notes to the SEFA for chart/table