Notes to SEFA
The Federal Emergency Management Agency program 97.036 amount on the Schedule of $3,989,665 is out-of-period expenditures, which are reported in accordance with the Office of Management and Budget’s compliance supplement specific to this program.
The System has evaluated subsequent events occurring after the consolidated financial statements date of October 31, 2024 through March 4, 2025, except for our report on the Schedule, for which the subsequent events date is July 29, 2025, which is the date these consolidated financial statements were available to be issued. No events arose during those periods that would require adjustments or additional disclosures.