Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal financial assistance programs of the Town of Truckee. The Town of Truckee reporting entity is defined in Note 1 of the Town's Annual Financial Report. All federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule. When federal awards were received from a passthrough entity, the Schedule of Expenditures of Federal Awards shows, if available, the identifying number assigned by the pass-through entity.
The amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree, in all material respects, to amounts reported within the Town's basic financial statements. Federal award revenues are reported principally in the Town's financial statements as intergovernmental revenues in the governmental funds.
The Town of Truckee has received federal grants for specific purposes that are subject to review and audit by the Federal Government or the pass-through entity. Although such audits could result in disallowed expenditures, any required reimbursements are not expected to be material.
The programs listed below had the following aggregate federally funded loans outstanding at June 30, 2025:Federal CFDA Number: 14.228; Program Title: Community Development Block Grants; Amount Oustanding: $626,921 & Federal CFDA Number: 14.239; Program Title: Home Investment Partnerships Program; Amount Outstanding: $11,227,295.