Notes to SEFA
The Teton Regional Land Trust, Inc. does not have any sub-recipients of federal awards.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Teton Regional Land Trust, Inc. under programs of the federal government for the year ended December 31, 2025. The information in this schedule is presented in accordance with requirements of the 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 Teton Regional Land Trust, Inc., it is not intended to and does not present the financial position, changes in net assets or cash flows of the Teton Regional Land Trust, Inc.