Notes to SEFA
The above schedule of expenditures of federal awards includes the federal grant activity of the Authority and is presented on the accrual basis of accounting. The information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Because the schedule presents only a selected portion of operations of the Authority it is not intended to and does not present the financial net position, changes in net position or cash flows of the Authority.
No federal award funds were passed through to subrecipient grantees during the fiscal year ended March 31, 2025.
The Authority did not receive or expend non-monetary federal awards assistance during the fiscal year ended March 31, 2025.