Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of the Northwest Regional Development Commission. The information in this Schedule is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this Schedule may differ from amounts presented in the preparation of the basic financial statements.
The value of the Revolving Loan Fund Program at December 31, 2025 was calculated as follows: (See Table in Notes to SEFA)
Reconciliation of the Schedule of Expenditures of Federal Awards to the Statement of Activities: (see Table in Notes to SEFA)