Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the Schedule) includes federal and state grant activity of the Organization under programs of the federal and state government for the year ended August 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) and the Texas Grant Management Standards (TxGMS). Because the Schedule presents only a selected portion of the operation of the Organization, it is not intended to and does not present the consolidated financial position, consolidated statements of activities, functional expenses and cash flows of the Organization.
A reconciliation of total federal and state awards expenditures reported in the Schedule of Expenditures of Federal and State Awards (SEFSA) to the federal and state assistance revenue recognized in the consolidated statement of activities. The difference between the amounts reported in the SEFSA and the consolidated statement of activities is due to awards that were received through local governmental agencies. These amounts are reported as revenue as state and local assistance in the consolidated statement of activities in accordance with the Organization's revenue recognition policies but are not included in the SEFSA.