Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule” or “SEFA”) includes the federal award activity of the Brooklyn Navy Yard Development Corporation (the “Corporation”), a component unit of The City of New York, for the year ended June 30, 2025. The information in the 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the net position, change in net position or cash flows of the Corporation.