Notes to SEFA
Amounts reflected in the financial reports filed with grantor agencies for the programs and the supplementary schedules may not agree because of accruals not included in the reports filed with the agencies, matching requirements not included in the Schedule of Expenditures of Federal Awards, and different program year ends.
The Association participates in the United States Department of Agriculture (USDA) Intermediary Relending Program under Assistance Listing number 10.767. Expenditures reported on the Schedule represent the outstanding loan balance of $423,090 as of December 31, 2024, plus current year disbursements to eligible systems in the amount of $107,500. The outstanding balance of the loans as of December 31, 2025 is $400,622.
During the year ended December 31, 2025, the Association did not receive any non-cash assistance.