Title: Note 1:
Accounting Policies: Note 1: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of the Organization under programs of the federal government for the year ended December 31, 2024. 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 the
Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows as
of December 31, 2024.
Expenditures reported on the Schedule 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: Note 2: The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 1: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of the Organization under programs of the federal government for the year ended December 31, 2024. 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 the
Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows as
of December 31, 2024.
Expenditures reported on the Schedule 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.
Title: Note 2:
Accounting Policies: Note 1: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of the Organization under programs of the federal government for the year ended December 31, 2024. 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 the
Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows as
of December 31, 2024.
Expenditures reported on the Schedule 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: Note 2: The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 2: The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance
Title: Note 3:
Accounting Policies: Note 1: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award
activity of the Organization under programs of the federal government for the year ended December 31, 2024. 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 the
Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows as
of December 31, 2024.
Expenditures reported on the Schedule 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: Note 2: The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 3: The Organization has received U.S. Department of Agriculture direct loans. The total loan balance outstanding
at the beginning of the year is included in the federal expenditures presented in the Schedule of Expenditures of Federal
Awards. The Organization received no additional loans during the year. The balance of the loans outstanding at
December 31, 2024 totaled $351,441.