Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance of HRC Cottages, Inc. for the year ended December 31, 2024, and does not include any federal awards reported by subsidiaries. Federal financial assistance received directly from federal agencies, as well as federal financial assistance passed through from other government agencies, is included in this schedule. 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 portion of the operations of HRC Cottages, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of HRC Cottages, Inc.
RURAL RENTAL HOUSING LOANS (10.415) - Balances at the end of the audit period were $2,709,003.
HRC Cottages, Inc. did not provide awards to subrecipients during the year ended December 31, 2024.