Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Hudson River Housing, Inc. and Subsidiaries under programs of the federal government for the year ended December 31, 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 Hudson River Housing, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net position, or cash flows of Hudson River Housing, Inc. and Subsidiaries.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and is covered by the Authority's casualty insurance policies.
The federal expenditures presented in the Schedule reconcile to the Grant Support Revenue reported in the Consolidated Statement of Activities as follows: Federal Expenditures reported in the SEFA $2,612,719, plus Grants and Other Support from Other Nin-Federal Sources of $8,523,518 equals Total Grants Reported in teh Consolidated Statement of Activities of $11,136,237.