Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Boehme Hinni Apartments, Inc. HUD Project No. 085-HD054, under programs of the federal government for the year ended December 31, 2024. 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 Boehme Hinni Apartments, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Boehme Hinni Apartments, Inc. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. The balance of the capital advances outstanding at the end of the audit period was the same as the balance presented on the accompanying schedule of expenditures of federal awards.
under Section 811 of the National Affordable Housing Act of 1990. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Boehme Hinni Apartments, Inc. received no additional loans during the year. The balance of the loan outstanding at December 31, 2025 consists of: Outstanding Balance at CFDA Number Program Name December 31, 2025 14.181 Section 811 Supportive Housing for Persons with Disabilities $ 1,454,800