Notes to SEFA
The amount expended under AL 10.766, Community Facilities Loans and Grants, represents the beginning loan balances of four U.S. Department of Agriculture loan agreements. The loans had outstanding principal balances totaling $569,666 as of February 28, 2026.
Federal awards revenue for the year ended February 28, 2026 is reported as follows: Expenditures per schedule of expenditures of federal awards $4,123,524 Community Facilities Loans and Grants (AL# 10.766) Represents the beginning loan balance of loan agreement with U.S. Department of Agriculture. $(740,010) Federal grants per statement of activities $3,383,514