Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of the Authority under programs of the federal government for the year ended September 30, 2025. 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 presents only a selected portion of the operations of the Authority, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Authority.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in
The Neighborhood Landlord Rental Program loans were received indirectly by the Authority from the Louisiana Housing Corporation. The B-16-DL-22-0001 Loan balance at the beginning and end of the year of $1,125,000 is included as federal expenditures presented in the Schedule.
The HOME Investment Partnerships Program Loan was received indirectly by the Authority from the City of Shreveport, Louisiana. The 2021-HOME-DEV-FLJ-001 loan balance at the beginning of the year of $475,000 is included as federal expenditures presented in the Schedule.