Notes to SEFA
The accompanying schedule of expenditures of federal, state, and city awards (the “Schedule”) presents the activities in all of the federal, state, and city financial assistance programs of Pradera Corporation for the year ended June 30, 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”) and the City of Philadelphia Subrecipient Audit Guide. All financial assistance received directly from federal agencies as well as financial assistance passed through other governmental agencies or non-profit organizations is included on the Schedule.
Federal, state, and city award expenditures are reported as program services. In certain programs, the expenditures reported in the breakdown may differ from the expenditures reported in the schedule of expenditures of federal, state, and city awards due to program expenditures exceeding grant or contract budget limitations which are not included as federal, state, and city awards and differences between generally accepted accounting principles and applicable government regulations regarding eligible program expenditures.