Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Phia T Xiong & Jeff D Spencer Foundation under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of 2 CFR 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 Phia T Xiong & Jeff D Spencer Foundation, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Phia T Xiong & Jeff D Spencer Foundation.