Notes to SEFA
The accompanying schedule of expenditures of federal, state, and local awards (the "Schedule") includes the federal, state, and local award acitvity of SPIN for the year ended June 30, 2025. 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 (Uniform Guidance) and the City of Philadelphia Subrecipient Audit Guide. Because the Schedule presents only a selected portion of the operations of SPIN, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SPIN.