Notes to SEFA
Title: 3-SUBRECIPIENTS
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal and state awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Admin costs charged to programs within individual grant required limitations.
Of the expenditures presented in the schedule, the Organization did not provide any awards to subrecipients.
Title: 4-RECONCILIATION OF EXPENSES
Accounting Policies: Expenditures reported on the accompanying schedule of expenditures of federal and state awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: Admin costs charged to programs within individual grant required limitations.
The following is a reconciliation of the expenditures reported on the Organization’s schedule of expenditures of federal and state awards to the expenses on the statement of activities for the year ended June 30, 2024: