Except as noted in the next paragraph the amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the Authority’s portion, are more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The amounts shown on the schedule for the Housing Choice Voucher program (ALN 14.871), the Mainstream 5 program (ALN 14.879), and the Emergency Housing Vouchers program (ALN 14.871) represent amounts received by the Authority
The amount listed for each loan includes the proceeds received during the year and the outstanding loan balance from prior years. a) The Authority was approved by the USDA Rural Housing Service to receive a loan totaling $1,438,736 to acquire and renovate 61 units of economically designed and constructed rental housing suited for rural residents. The loan balance as of September 30, 2025 is $802,388. b) The Authority was approved by the USDA Rural Housing Service to receive a loan totaling $1,238,636 to acquire and renovate 39 units of economically designed and constructed rental housing suited for rural residents. The loan balance as of September 30, 2025 is $178,545. c) The Authority was approved by the USDA Rural Housing Service to receive a loan totaling $342,312 to acquire and renovate 16 units of economically designed and constructed rental housing suited for rural residents. The loan balance as of September 30, 2025 is $257,573. d) The Authority was approved by the USDA Rural Housing Service to receive a loan totaling $932,483 to acquire and renovate 35 units of economically designed and constructed rental housing suited for rural residents. The loan balance as of September 30, 2025 is $701,603. e) The Authority was approved by the Washington State Department of Commerce to receive a loan totaling $1,775,000 to build 20 units of economically designed and constructed rental housing suited for parents leaving drug treatment. The loan balance as of September 30, 2025 is $1,775,000. f) The Authority was approved by the City of Longview to receive a loan of up to $1,438,134, which was assigned to Sunrise Village Housing LLLP (SVH LLLP), a discretely presented component unit of the Primary Government, in February 2024 to build 40 units of low-income housing. The loan balance as of September 30, 2025, was $1,438,134. In addition, the aggregate discretely presented component units are presented in the accompanying basic financial statements as of December 31, 2024. The loan balance outstanding as of December 31, 2024 was also $1,438,134. g) The Authority was approved by the WA State Department of Commerce to receive a loan of up to $3,939,435, which was assigned to Sunrise Village Housing LLLP (SVH LLLP), a discretely presented component unit of the Primary Government, in February 2024 to build 40 units of low-income housing. The loan balance as of September 30, 2025, was $3,939,435. In addition, the aggregate discretely presented component units are presented in the accompanying basic financial statements as of December 31, 2024; therefore, there is a difference between the loan funds expended as reported in the schedule of expenditures of federal awards ($3,939,435) and the loan balances reported in the aggregate discretely presented component units column ($2,642,936) in the basic financial statements
No amounts expended during the year ended September 30, 2025, were passed through to sub-recipients.