Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Town of Blanchard 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 the Town of Blanchard, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Town of Blanchard.
See the Notes to the SEFA for chart/table
The total expenditures of federal awards included in the fiscal year June 30, 2025, Schedule of Expenditures of Federal Awards include $104,600, of expenditures that were incurred in the fiscal year June 30, 2023, but for which federal funding was not finalized until fiscal year June 30, 2025. The prior year expenditures were originally paid with Utility Fund resources and are now being reimbursed by the federal government.