Notes to SEFA
Pelham Batesville Fire District (the “District”) has adopted Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards were adopted to fulfill the financial and compliance audit requirements of federal grantor agencies. For purposes of implementing Uniform Guidance, federal grant awards were made susceptible to audit and are included in the Schedule of Expenditures of Federal Awards.
The District was approved by the United States Department of Agriculture to receive a guaranteed loan totaling $1,030,000 to purchase fire equipment and professional service fees. The amount listed for this loan includes the beginning of the period loan balance plus proceeds used during the year. The balance of the loan at December 31, 2025 is $987,005.