Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Rising Ground, Inc. and Affiliates (Rising Ground) under programs of the federal government 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 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 Rising Ground, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Rising Ground.
Rising Ground has evaluated subsequent events occurring after the consolidated financial statements date of June 30, 2025 through November 26, 2025, except for the report on the Schedule, for which the subsequent events date is March 30, 2026, which is the date these consolidated financial statements were available to be issued. No events arose during the period that would require adjustments or additional disclosures.