Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Asian American Center of Frederick 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). Compliance testing of all general requirements, as described in the OMB’s Compliance Supplement, was performed. Compliance testing of specific requirements was performed for the major federal award program listed below. Because the Schedule presents only a selected portion of the operations of Asian American Center of Frederick, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Asian American Center of Frederick. MAJOR PROGRAMS Public Health Training Centers Program (Assistance Listing # 93.516) is a major program tested for the year ended December 31, 2024. The objective of this program is to improve the Nation’s public health system by strengthening the technical, scientific, managerial and leadership competencies of the current and future public health workforce through the provision of education, training and consultation services. The U.S. Department of Health and Human Services administers the program. Registered Apprenticeship Program (Assistance Listing # 17.285) is a major program tested for the year ended December 31, 2024. The objectives of this program is: 1) To prepare underserved and underrepresented individuals for career advancement through pre-apprenticeships apprenticeships in healthcare; and 2) To grow and diversify the healthcare workforce to care for an aging and increasingly diverse population. The U.S. Department of Labor administers the program.
Expenditures reported on the Schedule are reported on the accrual basis of accounting using accounting principles generally accepted in the United States of America. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. During the year ended December 31, 2024, AACF expended $50,567 of federal funds under ALN 84.215 which were used for the purchase of equipment. In accordance with the Uniform Guidance, these amounts are reported as federal expenditures in the Schedule. The equipment purchased is capitalized in AACF’s financial statements and depreciated over its useful life.
Asian American Center of Frederick has elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance for all awards except ALN 93.516 for which it uses 8% for its indirect cost rate.