Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Central Iowa Shelter & Services (the “Organization”) under programs of the federal government for the year ended June 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 Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
The Organization provided no amounts to subrecipients from the federal awards listed.
The Organization had no non-cash assistance, federal insurance, or loan guarantees to be disclosed as required by the Uniform Guidance.
The Organization has received loans from the Department of Housing and Urban Development under the Housing Trust Fund and the Home Investment Partnerships Program. The loans are forgivable as long as the housing remains available and utilized by the required occupancy of applicable low-income residents for the term specified. The balance of the loans as of June 30, 2025 are as follows: Assistance Program Name: Federal Purpose Number: Expenditures: Retention: 14.239 Home Investment Partnerships Program $900,000 15 years 14.275 Housing Trust Fund $2,700,000 35 years