Notes to SEFA
The accompanying “Schedule of Expenditures of Federal Awards” (the Schedule) includes the federal award activity of the ILI Senior Housing - Chapel Valley Road, Inc. under programs of the federal government for the year ended July 28, 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). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Of the federal expenditures presented in the Schedule, the Corporation did not provide federal awards to subrecipients during the year ended July 28, 2025.
Expenditures reported on the Schedule related to the U.S. Department of Housing and Urban Development capital advance under Section 202 of the Housing Act of 1959 and a Community Development Block Grants/Entitlement Grant loan. Loans outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding as of July 28, 2025 consists of: Assistance Listing Number / Program Name / Balance at July 28, 2025 14.157 Supportive Housing for the Elderly $ - 14.218 Dane County Department of Human Services $ --