Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Project Safeguard 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 Project Safeguard , it is not intended to and does not present the financial position, changes in net assets, or cash flows of Project Safeguard .
No federal awards were passed through to subrecipients for the year-ended December 31, 2025.
There was no noncash assistance included in the Schedule of Federal Expenditures for the year ended December 31, 2025.