Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) include the federal award activity of the Sawyer/LCO Transportation Commission 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 2 CFR 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 Sawyer/LCO Transportation Commission, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Sawyer/LCO Transportation Commission. The Commission has not elected to use the 10 percent de minimis indirect cost rate.