Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“SEFA”) includes the federal award activity of the Chatham Area Transit Authority (the “Authority”) 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 SEFA presents only a selected portion of the operations of the Authority, it is not intended to and does not present the net position, changes in net position, or cash flows of the Authority.
No federal awards were expended in the form of non-cash assistance during the fiscal year ended June 30, 2025.
The Authority did not pass funding through to subrecipients during the fiscal year ended June 30, 2025.