Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Cornerstone Services, Inc. and Subsidiaries (Cornerstone) under programs of the federal government 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 Cornerstone Services, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Cornerstone Services, Inc. and Subsidiaries.
Cornerstone Services, Inc. and Subsidiaries provided no federal awards to subrecipients during the fiscal year ended June 30, 2025.
Cornerstone Services, Inc. and Subsidiaries received no federal awards in the form of nonmonetary assistance during the fiscal year ended June 30, 2025.
During the year ended June 30, 2025, Cornerstone Services, Inc. and Subsidiaries received no insurance, loans, loan guarantees or other federal assistance for the purpose of administering federal programs.