Notes to SEFA
The pass-through entity has not provided us with the identifying number on all programs; therefore, they are not included in the schedule.
The amounts passed through to sub-recipients consist entirely of loans advanced to the sub-recipients. The North Dakota Public Finance Authority also has outstanding loan balances to sub-recipients from prior years. These balances are not included on the accompanying schedule of expenditures of federal awards because the federal government imposes no continuing compliance requirements on the sub-recipient.
The accompanying schedule includes the federal award activity of North Dakota Public Finance Authority under programs of the federal government for the year ended December 31, 2025. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The amounts reported on the schedule have been reconciled to and are in agreement with amounts recorded in the accounting records from which the financial statements have been reported.