Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Pennyrile Allied Community Services, Inc. and Affiliate (the “Organization”) under programs of thefederal government for the year ended June 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 this schedule presents only a select portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
The Organization had no outstanding loan programs at June 30, 2025.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon experience, the Organization does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization.
The Organization did not provide federal funds to subrecipients for the fiscal year ended June 30, 2025.