Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Rio Vista Senior Housing, Inc., HUD Project Number 116EH100, and is presented on the accrual basis of accounting. 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 Rio Vista Senior Housing, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Rio Vista Senior Housing, Inc.
Rio Vista Senior Housing, Inc. has received a U.S. Department of Housing and Urban Development direct loan under Section 202 of the National Housing Act. The loan balance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Rio Vista Senior Housing, Inc. received no additional loans during the year. The balance of the loan outstanding at December 31, 2024 consists of: Federal Assistance Listing Number (ALN) 14.157 Program Name Supportive Housing for the Elderly - Capital Advance Outstanding Balance at December 31, 2024 $ 964,150