Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activity of federal award programs administered by The Albany Damien Center, Inc., which is described in Note 1 to the Organization’s general purpose financial statements, using the accrual basis of accounting. Federal awards that are included in the schedule may be received directly from federal agencies, as well as federal awards that are passed through from other government agencies. The information is presented in accordance with the requirements of the Uniform Guidance.
The Albany Damien Center, Inc. is a tax-exempt organization. All federal grant operations of the Organization are included in the scope of the Single Audit.
No amounts were provided to subrecipients and there were no loans or loan guarantees at December 31, 2024.
The Albany Damien Center, Inc. has elected to use the 10% de minimis cost rate (or similar rate available) on eligible grants, allowed under the Uniform Guidance.