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 Charlotte, North Carolina (the “City”) under the programs of the federal government and the State of North Carolina for the year ended June 30, 2025. The information in this SEFSA 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 and the State Single Audit Implementation Act. Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position or cash flows of the City.
The City of Charlotte reported $14,199,500 of expenditures on the Powell Bill Expenditures Report for FY2025, as per the statutory deadline of August 1, 2025. The same expenditure amount is reported on the SEFSA. However, subsequent payments totaling $117,990 were processed in FY2026 for products and services provided in FY2025, after the report was filed. If the adjustment had been included, the SEFSA would have reflected total expenditures of $14,317,490 for Powell Bill.