Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Lowell Regional Transit Authority 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 Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Lowell Regional Transit Authority, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Lowell Regional Transit Authority.
Of the federal expenditures presented in the Schedule, the Lowell Regional Transit Authority provided $46,306 to subrecipients during the year ended June 30, 2025.