Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Sunset Hills Apartments, Inc., HUD Project No. 114-35664, and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Sunset Hills Apartments, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Sunset Hills Apartments, Inc.
The outstanding balance of the loan and loan guarantee programs at December 31, 2025 with continuing compliance requirements which are reported as federal expenditures on the accompanying schedule of expenditures of federal awards was as follows: CFDA Balance at Number 12/31/2025 14.135 $ 389,472 14.164 779,479 14.197 81,291 $ 1,250,242