Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Heartland Community College District 540 under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the schedule presents only a selected portion of the operations of Heartland Community College District 540, it is not intended to and does not present the financial position, changes in net position or cash flows of Heartland Community College District 540.
For the year ended June 30, 2025, the College acted a pass-through agency for Federal Direct Loans (subsidized and unsubsidized) to students in the amount of $1,774,079.
The College did not expend any federal awards in the form of non-cash assistance during the year ended June 30, 2025.
The College did not receive or administer any insurance or loan guarantees during fiscal year ended June 30, 2025.