Notes to SEFA
The Supplementary Schedule of Expenditures of Federal Awards includes the federal grant activity of Community Ventures Corporation and Subsidiaries. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
See the Notes to the SEFA for chart/table instead.
Community Ventures Corporation had the following loan balances (notes payable to federal agencies) outstanding at December 31, 2025. Loans made (notes receivables) from federal loan funds received during the year ended December 31, 2025, are included in the federal expenditures presented in this schedule. Beginning of year outstanding loan balances that require significant continued compliance monitoring are included in the federal expenditures presented in the Supplementary Schedule of Expenditures of Federal Awards. The proceeds of loans that were received and expended in prior years are not considered federal awards expended when the laws, regulations, and the provisions of contracts or grant agreements pertaining to such loans impose no continuing compliance requirements other than to repay the loans and have been excluded from the Supplementary Schedule of Expenditures of Federal Awards. See the Notes to the SEFA for chart/table.
The amount included for the Economic Adjustment Program Revolving Loan Fund in the accompanying Schedule of Expenditures of Federal Awards for the year ended December 31, 2025, is calculated as follows: See the Notes to the SEFA for chart/table.