Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity and is presented on the accrual basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The Corporation has not elected to use the 10-percent de minim us indirect cost rate as allowed under Uniform Guidance.
The Corporation had the following loan balance outstanding as of December 31, 2025. Section 207 - ALN 14.134. Amount Outstanding - $964,661.