Notes to SEFA
At June 30, 2025, there was an outstanding balance of $2,103,060 of loans obtained during previous years. There were no new federal loans in the fiscal year 2025.
The following is a reconciliation of state revenues reported in Haines Borough's financial statements to state expenditures reported in the Schedule of Expenditures of Federal Awards: As reported in the Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds: Intergovernmental Revenue – Federal grants and contracts $ 3,503,011 Intergovernmental revenues – Federal payments in lieu of taxes 458,847 As reported in the Statements of Revenues, Expenses and Changes In Fund Net Position – Proprietary Funds 208,862 Less- Federal revenue amounts reported in the basic financial statements But excluded from the SEFA: Payments in Lieu of Taxes (458,847) Federal beneficial payments passed through the State of Alaska, and other items (436,632) Total federal expenditures as reported on the Schedule of Expenditures of Federal Awards $ 3,275,241