Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of LoE and is presented on the accrual basis of accounting. The information in this schedule is presetned as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
LoE has not elected to use the deminimis cost rate allowed under the Uniform Guidance.
LoE did not expend federal awards related to loans or loan gurantees during the year ended June 30, 2025. LoE had no loans outstanding at the year ended June 30, 2025.
LoE has no federally funded insurance.
LoE did not receive federal noncash assistance for the year ended June 30, 2025.