Notes to SEFA
The accompanying Schedule includes the federal grant activity of Able, Inc. under programs of the federal government for the year ended June 30, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Able, Inc. it is not intended to and does not present the financial position, change in net position, or cash flows of Able, Inc.
Expenditures reported on the Schedule consist of the beginning of year outstanding balances plus advances made on loans during the year. The outstanding balance as of June 30, 2025 was $2,457,202.