Notes to SEFA
Noncash assistance expended by the Academy amounted to $18,260.
Of the federal expenditures presented in the schedule, the Academy provided federal awards to subrecipients as follows: See the notes to the SEFA for chart / table.
Insurance coverage in effect paid with federal funds during the fiscal year amounted to zero. Loans/loan guarantees outstanding at June 30, 2025 amounted to $-0-. The Academy had no federal grants requiring matching expenditures during the year ended June 30, 2025. Management has utilized the MDE Cash Management System (CMS) Grant Auditor Report (GAR) in preparing the SEFA.