Notes to SEFA
Of the federal expenditures presented in the Schedule of Expenditures of Federal Awards, no federal awards were provided to subrecipients.
The District received no non-cash awards during the fiscal year ended April 30, 2026.
The District receives awards under various federal grant programs which must be expended according to provisions established by the various grants. Compliance with the grant provisions are subject to audit by the various granting agencies which may impose sanctions in the event of non-compliance. Management believes they have complied with all aspects of the grant provisions and they feel the results of any adjustments would have an immaterial impact on the financial statements taken as a whole.
As of April 30, 2026, there was no federal insurance in effect and no loans or loan guarantees outstanding. The District has not loaned any of the federal funds it received; however, all federal funds received that were loaned to the District through the Illinois Environmental Protection Agency will be repaid as agreed.