Notes to SEFA
Reporting Entity - The accompanying schedule includes all federal awards programs of Town of Old Orchard Beach, Maine for the fiscal year ended June 30, 2025. The reporting entity is defined in Notes to Financial Statements.
The information in the accompanying Schedule of Expenditures of Federal Awards is presented in accordance with Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Town of Old Orchard Beach, Maine 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 the Town of Old Orchard Beach, Maine, it is not intended to and does not present the financial position, changes in net position or cash flows of the Town of Old Orchard Beach, Maine.