Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of Carthage Water & Electric Plant 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 Carthage Water & Electric Plant, it is not intended to and does not present the financial position, changes in net position or cash flows of Carthage Water & Electric Plant.
The federal loan program listed below is administered directly by Carthage Water & Electric Plant and balances and transactions relating to this program are included in the basic financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2025, are as follows: