Notes to SEFA
The above Schedule of Expenditures of Federal Awards includes the federal award activity of the Authority under programs of the federal government for the fiscal year ended June 30, 2025. 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 June 30, 2025.
The Authority did not receive or expend non-monetary federal awards assistance during the fiscal year ended June 30, 2025.
The Authority’s outstanding loan balance (CFDA No. 10.415) as of June 30, 2025, was $246,723.