Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes federal award activity of the Town of Dryden (the Town) under programs of the federal government for the year ended December 31, 2025. The information in the SEFA is presented in accordance with Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirement’s, Cost principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of the Town, it is not intended to and does not present the financial position or changes in net position.
Matching costs, such as the Town's share of certain program costs, are not included in the reported expenditures.
The Town serves as a recipient of federal funding under the Coronavirus Capital Projects Fund (ALN 21.029). During the year ended December 31, 2025, the Town entered into a subaward agreement with the Town of Caroline to support a regional broadband infrastructure project. Pursuant to the subaward agreement, the Town passed through $1,021,506 of federal funds to the subrecipient for eligible project costs. This amount is included in the federal expenditures reported on the accompanying SEFA and is identified as amounts provided to subrecipients.
No insurance is carried specifically to cover equipment purchased with federal funds. Any equipment purchased with federal funds has only a nominal value and is covered by the Town’s casualty insurance policies. There were no loans or loan guarantees outstanding at year end.