Notes to SEFA
Reconciliation between Sch A & C to Federal Revenues
The expenditures included in the schedule are reported for the College's fiscal year. Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds that have been expended by the College for the purpose of the award. The expenditures reported about may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the basic financial statements. Seperate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies. The College has followed all applicable guidelines issued by various entities in the preparation of the schedule. Since the College has a Department of Health and Human Services approved Indirect Recovery Rate it has elected not to use the 15% de minimis cost rate as permitted in the UG, section 200.414.
US Department of Education ALN 84.268 Federal Direct Student Loans
US Department of Education ALN 84.268 Federal Direct Student Loans