Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Children and Family Futures, Inc. (the “Entity”) 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 (CFR) 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 Entity, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Entity.
Consistent with management’s policy, federal awards recorded on this Schedule does not contain federal amounts (federal award fees) that are not federal grants for purposes of the schedule of federal awards. However these amounts are included as federal government contracts on the consolidated statement of activities. The Entity received federal award fees of $603,905 during the year. Certain revenue received from federal agencies represents procurement contracts for goods or services provided by the Entity to the federal government. The Entity received $62,970 from these procurement contracts. These procurement contracts, including those issued by the General Services Administration (“GSA”), are not considered federal awards as defined by the Uniform Guidance and, accordingly, are excluded from the SEFA. As a result, the Schedule does not agree to the federal government contract revenue in the statement of activities as presented in the Entity’s audited consolidated financial statements as of December 31, 2024.
No federal awards expenditures were provided to subrecipients during the year ended December 31, 2024