Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awards activity of Lehigh Career & Technical Institute under programs of the federal government for the year ended June 30, 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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Lehigh Career & Technical Institute, it is not intended to and does not present the financial position, changes in net position, or cash flows of Lehigh Career & Technical Institute.
The total loans granted under the Federal Direct Student Loan Program, which were not made by the Institute, but were received by its students, were $17,568 for the year ended June 30, 2025.
Nonmonetary assistance is reported in the Schedule at the fair market value of the commodities received and disbursed. At June 30, 2025, LCTI had $2,975 of food commodity inventory.