Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of People Incorporated 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 2 CFR 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 People Incorporated, it is not intended to and does not present the financial position, changes in net assets, or cash flows of People Incorporated.