Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (SEFA) includes the federal grant activity of the Center under the programs of the federal government for the year ended December 31, 2024. This 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 Reinvestment Partners, it is not intended to and does not present the financial position, changes in net assets or cash flows of Reinvestment Partners.
Expenditures reported in the SEFA are reported on the modified accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart E of the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Center has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.