Notes to SEFA
Federal Revenues - per Exhibit 2: Federal grants and contracts (operating revenues) $ 2,341,373 Title IV federal grants (non-operating revenues) 4,400,665 Total pass-through and expenditures per federal schedule $ 6,742,038
The Small Business Development (SBDC) program requires local matching expenditures. The College accounts for these expenditures within the Current Unrestricted Funds. Matching expenditures for the years ended August 31, 2025 and 2024 were as follows: Assistance Grant Program Direct Matching Expenditures Listing Award Matching Years Ended August 31, Number Number Required 2025 2024 Total SBDC Program (01-01-24/12-31-24) 59.037 SBAOEDSB240092-01-00 $ 120,797 $ 37,567 $ 71,663 $ 109,230 SBDC Program (01-01-25/12-31-25) 59.037 SBAOEDSB250092-01-00 $ 120,797 75,482 - 75,482 $ 113,049 $ 71,663 $ 184,712