Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards and Schedule of Expenditures of Texas State Awards (the Schedules) include the federal and Texas state award activity, respectively, of Pressley Ridge, Pressley Ridge – Maryland, and Pressley Ridge Texas (Agency) under programs of the federal and Texas state government for the year ended June 30, 2025. The information in the Schedule of Expenditures of Federal Awards 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). The information in the Schedule of Expenditures of Texas State Awards is presented in accordance with the requirements of the Texas Grant Management Standards (TxGMS). Because the Schedules present only a selected portion of the operations of the Agency, they are not intended to and do not present the financial position, changes in net assets, or cash flows of the Agency.