Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of the Organization 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 Organization, it is not intended to, and does not present the financial position, changes in net assets, or cash flows of the Organization.
The Uniform Guidance allows recipients to use a 10 percent de minimis indirect cost rate for federal awards with award dates through September 30, 2024. The de minimis indirect cost rate was increased to up to 15 percent for federal awards with award dates beginning October 1, 2024. The Organization has elected not to use the applicable de minimis indirect cost rate.
The Organization did not provide any federal awards to subrecipients.