Notes to SEFA
JTrans receives certain federal awards from pass-through awards of the State. The total amount of such pass-through awards is included on the supplementary schedule of expenditures of federal awards.
Grant monies received and disbursed by JTrans are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, JTrans does not believe that such disallowance, if any, would have a material effect on the financial position of JTrans. As of December 31, 2024, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
JTrans did not receive any federal noncash assistance for the year ended December 31, 2024.
JTrans did not receive federally funded insurance during the year ended December 31, 2024.
JTrans has no federally funded loans as of December 31, 2024. No funds were expended in the form of loan or loan guarantees during the year ended December 31, 2024.