Notes to SEFA
The accompanying schedule of expenditures of federal and state awards reports the activity of all federal and state financial award programs of New Hanover County Airport Authority (“Authority”) for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance, Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards, and the State Single Audit Implementation Act. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
The Authority has not contracted or made awards to any subrecipients.