Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of St. Vincent de Paul Salvage Bureau, Inc. dba St. Vincent de Paul North Idaho (the “Organization”), under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 220, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of 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.
Loans outstanding at the beginning of the year are included in the federal expenditures presented in the Schedule. The balance of loans with continuing compliance requirements outstanding on December 31, 2025, are as follows: Rural Rental Housing $4,479,909, Continuum of Care $676,552 Total Loans Outstanding $5,156,461