Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of RR under programs of the federal government 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 Principles, and Audit Requirements for Federal Awards (Uniform Guidance).
All of RR’s federal awards were in the form of cash assistance for the year ended December 31, 2025. RR had no federally funded insurance programs or loan guarantees during the year ended December 31, 2025. Expenditures reported on the Schedule are presented on the cash basis of accounting, consistent with RR’s financial statements, and generally are recognized when paid. Such expenditures are subject to the applicable federal award terms and the cost principles in Title 2 U.S. Code of Federal Regulations Part 200. Federal awards are reported as expended in accordance with the activity-based requirements of 2 CFR § 200.502 when those requirements call for treatment other than recognition upon payment. RR has not elected to use the de minimis cost rate as allowed under the Uniform Guidance.