Of the federal expenditures presented in the schedule, the College provided federal awards to subrecipients as follows: AL Number - 81.123, Program Name - National Nuclear Security Administration, Amount Providdd to Subrecipients - $ 959,824
The College has no federal loan obligations as of June 30, 2025.
The College has $1,050,523 of restricted endowment moneys as of June 30, 2025. 2 CFR Part 200.502(e) states the cumulative balance of Federal awards for endowment funds that are federally restricted are considered Federal awards expended in each audit period in which the funds are still restricted, thusly $686,804 is considered expended and is shown on the schedule of expenditures of federal awards under AL #15.028. Note that the College has its own endowments so this amount will not agree to the amount reported on the Statement of Net Position.Federal Share Match Share Total Balance July 1 ,2024 $ 686,804 $ 363,719 $ 1,050,523 Balance June 30, 2025 $ 686,804 $ 363,719 $ 1,050,523
The following is a reconciliation of the expenditures reported on the College's schedule of expenditures of federal awards to expenditures reported in the College's statement of revenues, expenditures, and changes in fund balance. Expenditures per Schedule of Expenditures of Federal Awards $ 21,034,371 Less restricted endowment (686,804) Expenditures funded by general fund, state and other funding sources 6,083,498 Expenditures per Statement of Revenue, Expenditures, and Changes in Fund Balance $ 26,431,065
AL # Direct Program Name Amount 93.307 Minority Health and Health Disparaties Research $ 4,717 Total advances from grantors - HHS funds $ 4,717