Notes to SEFA
The amounts presented as federal expenditures represent only the federal portion of the actual program costs. Actual program costs, including the Project’s portion, may be more than is shown on the schedule.
The Project has received a HUD capital advance under Section 202 of the National Housing Act. The capital advance outstanding at the beginning of the year is included in the federal expenditures presented in the schedule. The Project received no additional capital advances during the year.