Notes to SEFA
The Schedule of Federal Awards presents the activity of all federal financial assistance and federal cost- reimbursement contract of Serve Wyoming, Inc. (the Organization). 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. Serve Wyoming Inc. received federal awards indirectly through a pass-through entity.
This schedule was prepared from the accounting records of the Organization. The schedule is prepared on the accrual basis of accounting. Amounts expended for capital assets are included in the amounts listed but depreciation is not included in the grant expenditures. The reader is directed to the accompanying notes to the financial statements for other accounting policies used by the Organization.
Of the federal expenditures presented in the schedule of expenditures of federal awards, Serve Wyoming, Inc. provided federal awards to subrecipients as follows: Program Title Federal CFDA Number Amount Provided to Subrecipient AmeriCorps 94.006 $1,185,240
The Major programs are identified in the Summary of Auditor’s Results section of the Schedule of Findings and Questioned Costs.s
The Organization has elected to not use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.