Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Society 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 Society, it is not intended to, and does not present, the financial position, changes in net assets or cash flows of the Society.
The accompanying Schedule is presented on the full accrual basis of accounting. Expenses are recognized following the cost principals contained in the Uniform Guidance, wherein certain types of expenses are not allowable, or are limited as to reimbursement. The information in the Schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
The Society uses a provisional indirect cost rate approved by the federal agency, the Department of Health and Human Services; therefore, the Society did not use the 10% de minimis indirect cost rate, which is allowed in accordance with the Uniform Guidance.
The Society did not provide federal awards to any subrecipients.