Notes to SEFA
The City did not pass through any federal funds to subrecipients during the year ended April 30, 2025.
The City did not receive any nonmonetary assistance from federal programs during the year ended April 30, 2025.
The City had no federal insurance as it relates to federal programs in effect for the year ended April 30, 2025.
The City had loans outstanding of $4,430,000 related to federal programs as of April 30, 2025. This loan was received in fiscal year ending April 30, 2018. According to the program, in years after the program funds are expended and construction is completed, and the only ongoing financial activity of the program is the payment of principal and interest on outstanding loan balances, the prior loan balances are not considered to have continuing compliance requirements under 2 CFR section 200.502(d). Prior loans that do not have continuing compliance requirements other than to repay the loans are not considered Federal awards expended and, therefore, are not required to be included on the SEFA.