Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (“SEFSA”) includes the federal and state award activity of the City of Reidsville, North Carolina (the “City”) under programs of the federal and state governments 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 (“Uniform Guidance”) and the State Single Audit Implementation Act. Because the SEFSA 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 did not pass-through any funding to subrecipients during the fiscal year ended June 30, 2025.