Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Ann Arbor SPARK and Affiliate under programs of the federal government for the year ended December 31, 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 Ann Arbor SPARK and Affiliate, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Ann Arbor SPARK and Affiliate.
Accelerator grants on the Statement of Activities $ 14,462,442 Nonfederal grant revenue (state and other grants) (11,276,827) Expenditures per the Schedule of Expenditures of Federal Awards $ 3,185,615
Amounts provided to subrecipients for the year ended December 31, 2025 were as follows: Subrecipients Federal Assistance Listing Number Total Monroe County Business Alliance 21.027 $ 122,976 Howell Area Chamber of Commerce 21.027 160,483 Jewish Family Services 21.027 124,733 Washtenaw Community College 21.027 156,706 Grand Valley State University 21.027 223,771 $ 788,669