Notes to SEFA
The accompanying schedule of expenditures of federal awards and state projects includes the federal and state grant activity of Aging Matters in Brevard and is presented on the accrual basis of accounting. The 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"), and Chapter 10.650, Rules of the Auditor General . Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
As defined by 2 CFR Part 200, a grouping of closely related programs that share common compliance requirements is considered a cluster of programs. The Aging Cluster Programs listed in the accompanying schedule of expenditures of federal awards and state projects meet the definition of a cluster.
The Organization has not elected to use the 10% de minimis indirect cost rate allowed under Uniform Guidance.
At December 31, 2024, the Organization has no Federal or State loans required to be reported on this schedule.
The Organization did not receive any noncash Federal assistance for the year ended December 31, 2024.