Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of TERROS, Inc. under programs of the federal government for the year ended September 30, 2024. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of TERROS, Inc., it is not intended to and does not present the financial position, change in net assets or cash flows of TERROS, Inc. TERROS, Inc. did not provide federal awards to sub-recipients during the year ended September 30, 2024.