Notes to SEFA
The amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the city’s portion, are more than shown. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
As of December 31, 2025, the City of Mount Vernon has an outstanding balance of $26,189,081 under the U.S. Department of Transportation’s Transportation Infrastructure Finance and Innovation Act (TIFIA) Loan Program (ALN 20.223). As of December 31, 2025, the City of Mount Vernon has an outstanding balance of $1,340,000 under the Assistant Secretary of Community Planning and Development, Department of Housing and Urban Development (ALN 14.218).