Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Ozark Regional Transit, Inc. under programs of the federal governments for the year ended December 31, 2025. 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 Principals, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Ozark Regional Transit, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Authority.
No federal assistance has been provided to a subrecipient.