Notes to SEFA
The accompanying Schedule includes the federal award activity of CCBC under programs of the federal government for the year ended June 30, 2025 and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Uniform Guidance.
During the year ended June 30, 2025, CCBC processed the following amount of new loans under the Federal Direct Lending Loan Program. Since this program is administered by outside financial institutions, only the value of new loans made during the fiscal year relating to this program are considered current year expenditures in the Schedule.
Total expenditures per the Schedule reconciles to CCBC’s financial statements for the year ended June 30, 2025 as follows: