Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal expenditures of the United States Conference of Catholic Bishops (the Conference) under programs of the federal government for the year ended December 31, 2024 and is presented on the accrual basis of accounting. The amounts reported as federal expenditures were obtained from the general ledger of the Conference. Because the Schedule presents only a selected portion of the operations of the Conference, it is not intended to and does not present the consolidated financial position, changes in net assets and cash flows of the Conference.
The accompanying schedule was prepared using the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Conference has not elected to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.