Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Town of Wolfeboro under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with requirements of Title 2, U.S. Code of Federal Regulations (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 Town, it is not intended to, and does not, present the financial position or changes in net position of the Town of Wolfeboro.
The Town of Wolfeboro had outstanding loan balances at December 31, 2024 from Assistance Listing No. 66.468: Capitalization Grants for Drinking Water State Revolving Fund of $886,744 for the Vintage Water Main upgrade and $539,252 for the Water Treatment Plant upgrades. The loans made during the year included the federal expenditures presented on Exhibit 22.