Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State awards (“SEFSA”) includes the federal and state grant activity of Henderson County (the “County”) under the programs of the federal government and the state of North Carolina for the year ended June 30, 2025. The information in this SEFSA 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 and the State Single Audit Implementation Act. Because the SEFSA presents only a selected portion of the operations of the County, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the County.
The following are clustered by the N.C. Department of Health and Human Services and are treated separately for state audit requirement purposes: Subsidized Child Care, Foster Care and Adoption, Special Children Adoption Fund, Refugee and Entrant Assistance, and HIV Clusters.
The North Carolina Department of Justice does not consider Opioid Settlement Funds either federal or state financial assistance since they are from a settlement with major drug companies. Since these funds are subject to the State Single Audit Implementation Act, they are reported as Other Financial Assistance on the SEFSA and considered state awards for state single audit requirements.
During the fiscal year, the County received a State Cash Flow Loan from the state of North Carolina through the North Carolina Department of State Treasurer in the amount of $4,197,973. The loan was provided to assist the County with temporary cash flow needs and is not considered a grant or aid program. Loan proceeds received should be reported on the SEFSA as the current year expenditures. The loan is expected to be repaid in full by the repayment date of June 30, 2030. As of June 30, 2025, the outstanding balance of the loan was $4,197,973.