Notes to SEFA
The accompanying schedule presents only the expenditures incurred by the City, that are reimbursable under federal programs of federal financial assistance. For the purposes of this schedule, federal awards include both federal financial assistance received directly from a federal agency, as well as federal funds received indirectly by the City from a non-federal agency or other organization. Only the portion of program expenditures reimbursable with such federal funds is reported in the accompanying schedule. Program expenditures in excess of the maximum federal reimbursement authorized or the portion of the program expenditures that were funded with state, local or other non-federal funds are excluded from the accompanying schedule.
The City participates in certain federal award programs that sponsor revolving loan programs, which are administered by the City. These programs require servicing arrangements with the City. The funds are returned to the programs upon repayment of the principal and interest. Current year transactions relating to these programs are included in the Schedule of Expenditures of Federal Awards. In accordance with 2 CFR section 200.502(b), the balance of loans outstanding at September 30, 2025 are as follows: CFDA Number Program Name Outstanding Balance at September 30, 2025 14.218 CDBG Loans $ 3,094,244 14.239 HOME Loans 7,614,657 14.264 Neighborhood Stabilization Program Loans 217,661 $ 10,926,562