Notes to SEFA
The schedule of expenditures of federal and state awards (Schedule) includes the federal and state award activity of the Agency under programs of the federal and State of Texas 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) and the State of Texas Grant Management Standards (TxGMS). Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Agency.
The Agency did not have any federal loan programs during the year ended December 31, 2025.