Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Bethany Manor, Inc. and affiliates dba: Bethany Life 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, Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of Bethany Manor, Inc. and affiliates dba: Bethany Life, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Bethany Manor, Inc. and affiliates dba: Bethany Life.
Bethany Manor, Inc. and affiliates dba: Bethany Life has received guaranteed loans from U.S. Department of Agriculture. The loans are in repayment status and the outstanding balance of the loans at the beginning of the year is included in the federal expenditures presented in this schedule. The Organization received no additional loans during the year. The balance of the loans outstanding at December 31, 2025 consists of: Program Name / Assistance Listing Number / Federal Expenditures Community Facilities Loans and Grants / 10.766 / $19,148,060