Notes to SEFA
The accompanying schedule of federal awards includes the federal award activity of Vermont Electric Cooperative, Inc. under programs of the federal government for the year ended December 31, 2025. The uniform 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 Vermont Electric Cooperative, Inc., it is not intended to and does not present the finanical position, changes in net assets, or cash flows of Vermont Electric Cooperative, Inc.
The Schedule of Expenditures of Federal Awards includes expenses incurred in 2024 of $1,889,870 but obligated by the Department of Homeland Security during 2025.