Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant 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, Costs 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 net position; revenue, expenses, and changes in net position; or cash flows of the Organization.
1)Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained by the Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. 2)Pass-through entity identifying numbers are presented where available and applicable. 3)There were no federal awards passed through to subrecipients. 4)The Organization has elected not to use the de minimis indirect cost rate as allowed under the Uniform Guidance. 5)Non-monetary assistance is reported in the schedule at the fair market value of the commodities received and disbursed.