Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Evangel University of the Assemblies of God under programs of the federal government for the year ended April 30, 2026. 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 Evangel University of the Assemblies of God, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Evangel University of the Assemblies of God.
Federal Direct Student Loan balances are not included in Evangel University of the Assemblies of God’s financial statements. Loans disbursed during the year are included in federal expenditures presented in the Schedule.