Notes to SEFA
The amount expended under AL 10.766, Community Facilities Loans and Grants, represents the beginning loan balances of two U.S. Department of Agriculture loan agreements. The loans had outstanding principal balances totaling $3,430,019 as of March 31, 2026.
Federal awards revenue for the year ended March 31, 2026 is reported as follows: Expenditures per schedule of expenditures of federal awards $9,932,321 Represents the beginning loan balance of loan agreement with U.S. Department of Agriculture. (3,618,917) Federal grants per statement of activities $6,313,404