Notes to SEFA
The accompanying schedule of expenditures of federal awards (schedule) includes the federal award activities of HSLC under programs of the federal government 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). The schedule presents only a selected portion of the operation of HSLC, and it is not intended to and does not present the financial position or changes in nets assets of HSLC.