Notes to SEFA
The accompanying schedule of expenditure of federal awards (the Schedule) includes the federal grant activity of California Rangeland Trust (the Trust) under programs of the federal government for the year ended December 31, 2024. 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 selected portion of the operations of the Trust, it is not intended to, and does not, present the financial position, changes in net assets, functional expenses, or cash flows of the Trust.
The Trust did not provide federal awards to subrecipients during the year ended December 31, 2024.