Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of Pikes Peak Regional Development Corporation under programs of the federal government for the year ended September 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 Pikes Peak Regional Development Corporation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Pikes Peak Regional Development Corporation.
The $84,289,931 of loans guarantees from the Small Business Administration is a form of non-cash assistance.
The outstanding balance of Small Business Administration loan guarantees in the Organization’s servicing portfolio was $84,230,341 at September 30, 2025.