Notes to SEFA
The Schedule includes the federal award activity of the Lake Agassiz Regional Council under programs of the federal government for the year ended December 31, 2025. The information is presented in accordance with the requirements of the 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 Lake Agassiz Regional Council, it is not intended to and does not present the financial position, changes in net position, or cash flows of Lake Agassiz Regional Council.
The calculation of total federal expenditures for the Economic Development Administration Revolving Loan Fund (EDA Cares RLF) program (AL 11.307) are as follows: (See Tables in Notes to SEFA)
Government grant revenue per the statement of revenues, expenditures, and changes in fund balance – governmental funds for the year ended December 31, 2025 has been reconciled to the total federal expenditures per the Schedule of Expenditures of Federal Awards as follows: (See table in Notes to SEFA)