Notes to SEFA
Valley Community College under programs of the federal government for the year ended August 31, 2025 and is presented on the modified accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Expenditure reports to funding agencies are prepared on the award period basis. The expenditures reported above represent funds which have been expended by Trinity Valley Community College for the purposes of the award. The expenditures reported above may not have been reimbursed by the funding agencies as of the end of the fiscal year. Some amounts reported in the schedule may differ from amounts used in the preparation of the basic financial statements. Separate accounts are maintained for the different awards to aid in the observance of limitations and restrictions imposed by the funding agencies.
Federal Grants and Contracts per Schedule A $ 603,221 Non Operating Revenue From Schedule C 11,853,870 Direct Student Loans 4,524,399 Timing Difference for Reporting on SBDC Grant 1,466 Total Federal Financial Assistance – Schedule E $ 16,982,956
Trinity Valley Community College did not elect to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance