Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of TG 110, Inc. and Associates, under programs of the federal government for the year ended December 31, 2025. The information in the 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 TG 110, Inc. and Associates, it is not intended to and does not present the financial position, changes in net assets, or cash flows of TG 110, Inc. and Associates. For the year ended December 31, 2025, no awards were passed through to subrecipients.
TG 110, Inc. and Associates have received pass-through loans under the federal program as listed below. The loan balance outstanding at the beginning of the year and current year draws on the loans are included in the federal expenditures presented in the Schedule. The balance of the loans outstanding at December 31, 2025 consist of: Federal Assistance Listing Number Program Name Outstanding Balance at December 31, 2025 14.239 U.S. Department of Housing and Urban Development - HOME Investment Partnerships Program $ 1,000,000