Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal award activity of The Montessori Network (the “School”) under programs of the federal government for the year ended June 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 the School, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the School.
The School provided no amounts to subrecipients from the federal awards listed.
The School had no non-cash assistance, federal insurance, or loan guarantees to be disclosed as required by the Uniform Guidance.
There were no loans outstanding at June 30, 2025 related to the federal awards listed.