Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal awards activity of Boone County Senior Citizen Services Corporation DBA The Bluffs, HUD Project Number 085-43094, 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 (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 The Bluffs, it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Bluffs.
The Bluffs did not provide federal awards to subrecipients during the year ended December 31, 2025.
The Bluffs has received a U.S. Department of Housing and Urban Development direct loan under Section 232-223(f) of the National Housing Act. The loan balance outstanding at the beginning of the period is included in the federal expenditures presented in the Schedule. The Bluffs received no additional loans during the year. The balance of the loan outstanding at December 31, 2025, was $5,531,642.