Notes to SEFA
The Schedule includes the federal award activity of the Authority 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 the Authority, it is not intended to and does not present the financial position, change in net position, or cash flows of the Authority.
Grant revenue per the Statements of Revenues, Expenses, and Change in Net Position for the year ended December 31, 2025 has been reconciled to the total federal expenditures per the schedule of expenditures of federal awards as follows: