Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Highlands Community Services Board 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 Highlands Community Services Board, it is not intended to and does not present the financial position, changes in net position, or cash flows of Highlands Community Services Board.
The Board did not have any subrecipients for the year ended June 30, 2025.
Federal expenditures, revenues, and capital contributions are reported in the Board's basic financial statements as follows: Intergovernmental state and federal revenues per the basic financial statements: Statement of Revenues, Expenses and Changes in Net Position: $3,052,562