Notes to SEFA
Except as noted below, the amounts shown as current year expenditures represent only the federal award portion of the program costs. Entire program costs, including the Authority’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 limited as to reimbursement. The amounts shown as federal expenditures for the Supportive Housing for Persons with Disabilities (5-YearMain Stream) Program (ALN 14.879) represents grant portions of the program costs. The amounts shown as federal expenditures for the USDA Rural Development programs represent grant portions of the program costs for the Twisp Gardens Apartments, Elmwood Apartments, Peachtree Apartments, and Omak Pioneer Gardens (ALN 10.415 and 10.427). Included are outstanding loan balance at year-end, annual interest subsidy per USDA RD loan agreement, and rental assistance payments.
The amount listed for each loan includes the proceeds received during the year and the outstanding loan balance from the prior year. The balance outstanding on the loans at December 31, 2025 are as follows: Twisp Gardens USDA Loan 56-024-91 169473-010 $ 156,262 Peachtree Apartments USDA Loan 56-024-78 6869895-02-4 $512,060 Elmwood Apartments USDA Loan 56-024-78 6869895-03-6 $522,298 Omak Pioneer Gardens USDA Loan 56-024-78 6869895-48 $88,399
No amounts expended during the year ended December 31, 2025, were passed through to sub-recipients