Notes to SEFA
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement.
For the year ended June 30, 2025, the College acted as a pass-through agency for Federal Direct Stafford Loans to students in the amount of $5,061,871.
The College received no non-cash assistance or federal insurance, and the College did not provide any funds to subrecipients.