Notes to SEFA
The federal loan program listed subsequently is administered directly by the Organization, and balances and transactions relating to this program is included in the Organization's basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at December 31, 2025, consists of: Community and Facility Loans and Grants (10.780) - Outstanding Balance at December 31, 2025 of $1,841,136