The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Colquitt Electric Membership Corporation (the Corporation) for the year ended December 31, 2025. The information in the 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 Corporation, it is not intended to and does not present the financial position, changes in equities or cash flows of the Corporation.
The President declared a major disaster for the State of Georgia (FEMA-DR-4821-GA) on September 24, 2024, as a result of Tropical Storm Debby, pursuant to his authority under the Stafford Act. This declaration authorized the Federal Emergency Management Agency to provide, through its Public Assistance Program, reimbursement or direct Federal assistance to eligible state, local, tribal, and certain private-non-profit organization applicants for emergency work Categories A and B, and the repair or replacement of disasterdamaged facilities under Public Assistance Categories C, D, E, F, and G including Direct Federal Assistance for Appling, Atkinson, Bacon, Berrien, Brantley, Brooks, Bryan, Bulloch, Burke, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Cook, Echols, Effingham, Evans, Jeff Davis, Jenkins, Lanier, Long, Lowndes, McIntosh, Pierce, Screven, Tattnall, Thomas, Tift, Toombs, Ware, and Wayne Counties in the State of Georgia. The President declared a major disaster for the State of Georgia (FEMA-DR-4830-GA) on September 30, 2024, as a result of Hurricane Helene, pursuant to his authority under the Stafford Act. This declaration authorized the Federal Emergency Management Agency to provide, through its Public Assistance Program, reimbursement or direct Federal assistance to eligible state, local, tribal, and certain private-non-profit organization applicants for emergency work Categories A and B, and the repair or replacement of disasterdamaged facilities under Public Assistance Categories C, D, E, F, and G including Direct Federal Assistance for Appling, Atkinson, Bacon, Ben Hill, Berrien, Brantley, Brooks, Bryan, Bulloch, Burke, Butts, Camden, Candler, Charlton, Chatham, Clinch, Coffee, Colquitt, Columbia, Cook, Dodge, Echols, Effingham, Elbert, Emmanuel, Evans, Fulton, Glascock, Glynn, Hancock, Irwin, Jeff Davis, Jefferson, Jenkins, Johnson, Lanier, Laurens, Liberty, Lincoln, Long, Lowndes, McDuffie, McIntosh, Montgomery, Newton, Pierce, Rabun, Richmond, Screven, Stephens, Taliaferro, Tattnall, Telfair, Thomas, Tift, Toombs, Treutlen, Ware, Warren, Washington, Wayne, Wheeler, and Wilkes Counties in the State of Georgia.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited for reimbursement. The expenditures reported on the schedule of expenditures of federal awards related to Tropical Storm Debby and Hurricane Helene were incurred by the Corporation in the previous accounting period, the year ended December 31, 2024. The grant funds were awarded during the year ended December 31, 2025.
The Corporation has elected not to use the fifteen percent de minimis indirect cost rate allowed under the Uniform Guidance.