Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards (SEFSA) includes the federal and State grant activity of the City of Hickory under the programs of the federal government and the State of North Carolina for the period ended June 30, 2025. The information in this SEFSA is presented in accordance with the requirements of Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of the City of Hickory, it is not intended to and does not present the financial position, changes in net position or cash flows of the City of Hickory.
City of Hickory has the following loan balances outstanding at June 30, 2025 for loans that the grantor/pass-through grantor has still imposed continuing compliance requirements. Loans outstanding at the beginning of the year and loans made during the year are included in the SEFSA. The balance of loans oustanding at June 30, 2025 consist of: Program Name, AL Number 66.458, Amount Outstanding Geitner Basin 66.458 $1,937,228, Henry Forks WWTF Handling Facilities Upgrade Bio-Solids 66.458 $27,000,000, Murry Basin 66.458 $4,303,550
The following is clustered by the NC Department of Transporation and is treated separately for state audit requirement purposes: Highway Safety, and Highway Planning, Research and Construction.
The NC Department of Justice does not consider Opioid Settlement Funds either Federal or State Financial Assistance since they are from a settlement with private major drug companies. Since these funds are subject to the State Single Audit Implementation Act, they are reported as "Other Financial Assistance" on the SEFSA, and considered State Awards for State single audit requirements.