Notes to SEFA
The accompanying consolidated schedule of expenditures of federal awards includes the federal grant activity of ReBuild Metro, Inc. and Subsidiaries and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of the Federal Regulations Part 200, Uniform Guidance Administrative Requirements, Cost Principles, and Audit Requirements for Federal and Non-Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from the amounts presented in, or used in the presentation of, the basic consolidated financial statements.
The accompanying consolidated schedule of expenditures of federal awards shows the balances as of January 1, 2025 plus amounts received during 2025 for the loans payable. The following is a summary of the loan balances as of December 31, 2025: Federal Program Title - Federal CFDA Number - Amounts: Community Development Block Grants - 14.218 - $2,000,000; HOME Investment Partnerships Program - 14.239 - $1,247,223; Total: $3,247,223.