Notes to SEFA
The accompanying SEFA for 2025 includes the federal grant activity of the System and is presented on the accrual basis of accounting. The information in the SEFA is presented in accordance with the requirements of the Uniform Guidance. The basic consolidated financial statement classifications may include other financial activity for reporting purposes. Therefore, some of the amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements.
The System did not pass-through federal awards to sub-recipients during 2025.