Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes SPRWDB's federal and state grant activity under federal and state government programs for the year ended June 30, 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) and the State of Texas Single Audit Circular. Because the Schedule presents only a selected portion of SPRWDB's operations, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of SPRWDB.