We currently perform a HUD audit for a facility with existing Section 232 loan.  They are undergoing a major renovation that will be financed with a Section 241(a) loan and have asked us to perform a Cost Certification audit.   I read that a project involving a 241(a) loan is not required to provide an operating statement as part of the Cost Certification audit but is required to provide an audited balance sheet (Statement of Assets, Liabilities and Project Equity – Regulatory Basis).  Does the balance sheet only include the assets and liabilities related to the 241(a) renovation or does it include all of the project’s assets & liabilities including those under the 232 loan?