Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Headwaters Regional Development Commission (the Commission) and is presented on the accrual basis of accounting. 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 Headwaters Regional Development Commission, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Headwaters Regional Development Commission. Pass-through entities listed in the Schedule that have not been assigned any additional identifying numbers use the same Assistance Listing Numbers (ALN) as the federal grantors to identify these grants.
By definition, the programs included herein are federally funded. As such, funding is at the discretion of the federal government. However, management has received no indication of discontinuance other than normal completion.
There were no awards passed through to subrecipients.