Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of United Church of Christ Foundation of Houston, HUD Project No. 114-11312, 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 United Church of Christ Foundation of Houston, it is not intended to and does not present the financial position, changes in net assets, or cash flows of United Church of Christ Foundation of Houston
The outstanding balance of the loan and loan guarantee program at December 31, 2025 with continuing compliance requirements which are reported as federal expenditures on the accompanying schedule of expenditures of federal awards was $2,731,256.