Notes to SEFA
The Schedule of Expenditure of Federal Awards (the Schedule) includes the federal award activity of FSE under programs of the federal government for the year ended June 30, 2025 and are reported on the 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 Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of FSE, it is not intended to and does not present the consolidating financial position, changes in net assets, or cash flows of FSE.
FSE did not provide any federal awards to subrecipients during the year ended June 30, 2025.