Notes to SEFA
The Schedule of Expenditures of Federal and State Awards presents the activity of all applicable state and federal awards of Lakes Reginal Community Center (the “Center”) for the year ended August 31, 2025. The Center's reporting entity is defined in Note 1 of the basic financial statements. Federal and state financial awards received directly from federal and state agencies, as well as federal financial awards passed through other governmental agencies, are included on the Schedule of Expenditures of Federal and State Awards.
State financial assistance is subject to the Texas Health and Human Services Commission’s Guidelines for Annual Financial and Compliance Audits of Community Mental Health and Mental Retardation Centers (21st Revision). Such guidelines are consistent with those required under the Uniform Guidance and the Texas Grant Management Standards.
The following is a reconciliation of state grant expenditures reported on the Schedule of Expenditures of State Awards to the state revenues reported in the basic financial statements for the year ended August 31, 2025: See notes to SEFA for table/chart.