Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the activity of all federal award programs of the San Diego Unified Port District (the District) for the fiscal year ended June 30, 2025. The Schedule includes federal awards received directly from federal agencies, as well as federal awards passed through other agencies. The District’s reporting entity is defined in Note 1 to the District’s basic financial statements. Because the Schedule presents only a selected portion of the operations of the District, it is not intended to and does not present the financial position of the District. The information in this Schedule is presented in accordance with the requirements of Office of Management and Budget Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The District has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance. There were no indirect costs charged to any of the District’s federal programs during the fiscal year ended June 30, 2025.