Notes to SEFA
The schedule of expenditures of federal awards reflects federal expenditures for all individual grants which were active during the fiscal year.
All expenditures included in the schedule of expenditures of federal awards are presented on the basis that expenditures are reported to the respective federal grantor agencies. Accordingly, expenditures are recorded when the federal obligation is determined.
The Authority has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance. For the year ended December 31, 2024, there were no indirect costs included in the schedule of expenditures of federal awards.
During the year ended December 31, 2025, the Authority was awarded a $15,657,900 loan from PENNVEST, which was funded by pass-through federal funds. The loan balance originating from federal funds at December 31, 2025 was $3,582,496.