Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of SVRC Industries, Inc. and Subsidiaries 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 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 SVRC Industries, Inc. and Subsidiaries, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SVRC Industries, Inc. and Subsidiaries.
No amounts were provided to subrecipients.
Federal revenues are recorded in grants from governmental and other agencies on the consolidated statement of activities as follows: Federal grants $ 4,275,707 Other grants and contracts 596,403 Grants from governmental and other agencies $ 4,872,110