Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Interior Regional Housing Authority under programs of the federal government for the year ended December 31, 2024. 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). Because the Schedule presents only a selected portion of the operations of Interior Regional Housing Authority, it is not intended to and does not present the basic financial statements of Interior Regional Housing Authority.
There were no subrecipients of federal awards issued to Interior Regional Housing Authority.
The Title VI Loan program listed in the Schedule is administered directly by Interior Housing Authority, with those balances and transactions relating to these program is included in Interior Regional Housing Authority’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 at December 31, 2025. The ending balance of the Title VI Loans at December 31, 2025 was $1,214,146.
Per schedule of expenditures of federal awards $ 11,950,065 Less: Title VI outstanding loan guarantees (361,197) Federal revenues reported on Exhibit D-1 $ 11,588,868