Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of Tompkins Cortland Community College (the College). Because the Schedule presents only a selected portion of the College’s operations, it is not intended to, and does not, present the net position and revenues, expenses, and change in net position of the College. For the purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly between the College and agencies and departments of the federal government as well as federal awards passed through other agencies. Student financial aid includes certain awards to provide financial assistance to students, primarily under the Federal Work-Study, Pell Grant, and Supplemental Educational Opportunity Grant programs of the Department of Education. The College also receives awards to make loans to eligible students under certain federal student loan programs and federally guaranteed loans are issued to students of the College by the Federal government. These loans are considered for the purposes of determining whether student financial aid is a major or non-major program.