Notes to SEFA
This schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of SE Hall-Whitney Young 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of SE Hall-Whitney Young Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SE Hall-Whitney Young Corporation.
Expenditures reported for the mortgage insurance program represent the December 31, 2024, balance of an insured mortgage loan outstanding from a previous year for which the grantor imposes continuing compliance requirements. The balance of the loan outstanding as of December 31, 2025, is $1,712,166.