Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) presents the funds expended by the Commission from all federal programs for the year ended June 30, 2025. The Commission’s reporting entity is defined in Note 1 to the financial statements.
The accompanying Schedule of Expenditures of Federal Awards 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). Therefore, some of the amounts presented in the schedule may differ from the amounts presented in, or used in the presentation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of the Commission, it is not intended to and does not present the financial position and changes in net position of the Commission.
Information reported in the accompanying Schedule of Expenditures of Federal Awards agreed with or has being reconciled to the information reported in the Commission’s basic financial statements.