Notes to SEFA
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS RECONCILIATION
A reconciliation of expenditures on the Schedule of Expenditures of Federal Awards to federal revenue is as follows: Total Federal Revenue Sources Reported in the Financial Statements: Grant Revenue – Federal $925,818 USDA Water Supply Revenue Bond 413,710 Component Unit – Downtown Development Authority 25,000 Reconciling Items: Rounding - TOTAL FEDERAL AWARDS EXPENDITURES REPORTED IN THE SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS $1,364,528