Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Colorado Christian University (the “University”) 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 University, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the University.
The federal loan programs listed subsequently are administered directly by Colorado Christian University, and balances and transactions relating to these programs are included in Colorado Christian University’s basic consolidated financial statements. Loans outstanding at the beginning of the year and loans made during the year are included in the federal expenditures presented in the Schedule. The balance of loans outstanding at June 30, 2025 consists of: Assistance Outstanding Listing Balance at Number June 30, 2025* Perkins Loan Program 84.038 $ 69,985 Total Federal Awards $ 69,985 * Net of allowance of $85,000 There were no new Perkins loan disbursements made to students during the fiscal year ended June 30, 2025.