Notes to SEFA
The Council is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as “pass-through” are considered direct and will be designated accordingly.
The amounts reflected in the financial reports submitted to the awarding Federal, State and/or pass-through agencies and the SEFA may differ. Some of the factors that may account for any difference include the following: • The Council’s fiscal year end may differ from the program's year end. • Accruals recognized in the SEFA, because of year-end procedures, may not be reported in the program financial reports until the next program reporting period. • Fixed asset purchases and the resultant depreciation charges are recognized as fixed assets in the Council's financial statements and as expenditures in the program financial reports.
Grant monies received and disbursed by the Council are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Council does not believe that such disallowance, if any, would have a material effect on the financial position of the Council. As of September 30, 2025, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
The Council received federal noncash assistance for the period ended September 30, 2025 in the amount of $146,200.
The Council did not provide federal funds to subrecipients for the fiscal year ended September 30, 2025.
The Council did not have any loans or loan guarantee programs required to be reported on the schedule for the fiscal year ended September 30, 2025.
The Council did not have any federally funded insurance required to be reported on the schedule for the fiscal year ended September 30, 2025.