Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal award activity of Arbor Circle Corporation (the Organization) under programs of the federal government for the year ended September 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 Organization, it is not intended to and does not present the financial position, changes in net assets, functional expenses, or cash flows of Arbor Circle Corporation.
Revenue reported as federal grants in the September 30, 2025 statement of activities $ 6,049,131 Federal portion of grants reported in various other revenue line items in the September 30, 2025 statement of activities 2,272,571 Revenue reported as federal grants in the September 30, 2025 statement of activities where the Organization was considered a vendor (1,794,198) Expenditures per schedule of expenditures of federal awards $ 6,527,504