Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the Federal award program expenditures of the College 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). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the College’s financial statements.
Federal Pell Grant, Federal Direct Student Loans, Federal Work-Study Program and Federal Supplemental Educational Opportunity Grant award expenditures, as reported in the Schedule of Expenditures of Federal Awards, reimburse all or part of tuition and fees due from students. Excess award amounts are refunded to the students. Federal awards are not recognized in the College’s financial statements for the year ended June 30, 2025.