Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal assistance activity of Brush Hill Development Corporation (the "Organization") under programs of the federal government for the year ended June 30, 2025. The information in the 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"). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
The federal loan programs listed below are administered by the U.S. Department of Housing and Urban Development, and balances and transactions relating to these programs are included in the Organization's basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balances of the loans outstanding at June 30, 2025, consist of: CFDA Number Program Name Outstanding Balance at June 30, 2025 14.181 Section 811 Supportive Housing for Persons with Disabilities $ 972,400 14.239 Home Investment Partnerships Program 40,000 $ 1,012,400