Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal grant activity of Fairview Senior Housing, Inc. and is presented on the accrual basis of accounting. 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). Therefore, some amounts presented in this schedule may differ from amounts presented or used in the preparation of the basic financial statements.
Fairview Senior Housing, Inc. has received a capital grant advances under the U.S. Department of Housing and Urban Development’s Supportive Housing for the Elderly Section 202 Capital Advance Program. The capital advance is treated as a loan program for reporting federal expenditures. The capital advance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Fairview Senior Housing, Inc. received no additional advances and made no payments during the year ended December 31, 2025. The balance of the capital advance outstanding at December 31, 2025 was $6,962,500.
None of the expenditures reported on the Schedule were passed through to subrecipients.