Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Red River Regional Council 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). Because the Schedule presents only a selected portion of the operations of Red River Regional Council, it is not intended to and does not present the financial position or change in net position of Red River Regional Council.
The Council manages the federal Revolving Loan Programs, through the U.S. Economic Development Administration (EDA). The calculation of the federal expenditures related to the Revolving Loan Programs are as follows:
Grant income per the statement of revenues, expenditures, and changes in fund balance – governmental funds – modified cash basis for the year ended December 31, 2025 has been reconciled to the total federal expenditures per the Schedule of Expenditures of Federal Awards as follows: