Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Ministry In Action Living Center of Lufkin, Inc., HUD Project No. 114-11361, and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 Ministry In Action Living Center of Lufkin, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Ministry In Action Living Center of Lufkin, Inc.
The outstanding balance of the loan and loan guarantee program at June 30, 2026 with continuing compliance requirements which are reported as federal expenditures on the accompanying schedule of expenditures of federal awards was $925,815.