Notes to SEFA
Movin' Out, Inc. and Subsidiaries has received U.S. Department of Housing and Urban Development loans under Section 811 of the National Affordable Housing Act, the Home Investment Partnership Program, and the Community Development Block Grant. The loan balances outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Movin' Out, Inc. and Subsidiaries received additional loans during the year which are included in the federal expenditures presented in the Schedule. The balance of the loans outstanding at December 31, 2024 consists of: 14.181 Supportive Housing for Persons with Disabilities - Deferred Loans $7,562,000 14.218 Waukesha County - Deferred Loans - Community Development Block Grant/Entitlement Grants $234,950 14.239 Home Investment Partnership Program $3,554,957
The accompanying schedules of expenditures of federal and state awards ("Schedule") includes the federal and state award activity of Movin' Out, Inc. and Subsidiaries, under programs of the federal and state 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") and State Single Audit Guidelines. Because the Schedule presents only a selected portion of the operations of Movin' Out, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Movin' Out, Inc. and Subsidiaries. For the year ended December 31, 2024, no awards were passed through to subrecipients.