Notes to SEFA
The above schedule of expenditures of federal awards includes the federal grant activity of Northwest Estates 811 II, HUD Project No. 171-HD021 and 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); the financial statements have been prepared and presented based upon accounting principles generally accepted in the United States of America (US GAAP); therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Because the Schedule presents only a selected portion of the operations of Northwest Estates 811 II, it is not intended to and does not present the financial position, change in net assets, or cash flows of Northwest Estates 811 II.
Expenditures reported on the Schedule are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Northwest Estates 811 II has elected not to use the de Minimis indirect cost rate allowed under the Uniform Guidance.
Northwest Estates 811 II has received a U.S. Department of Housing and Urban Development capital advance pursuant to Section 811, of the National Housing Act. The capital advance outstanding at the beginning of the year is included in the federal expenditures presented in the Schedule. Northwest Estates 811 II received no additional capital advance or loan proceeds during the year. The balance of the capital advance outstanding at December 31, 2025 consisted of: ALS 14.181 $1,989,200.