Notes to SEFA
Grant monies received and disbursed are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Management does not believe that such disallowance, if any, would have a material effect on its financial position. As of June 30, 2025, there were no material questioned or disallowed costs as a result of the grant audits in process or completed.
There were no insurance in effect, noncash assistance nor loan balances or guarantee programs for the year ended June 30, 2025.