Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Results for Development Institute, Inc. (R4D) 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule presents only a selected potion of the operations of the R4D, it is not intended to and does not present the financial position, changes in net assets, or cash flows of R4D.
The allowability of certain costs under government grants and contracts is subject to audit by the contracting agency. Certain indirect costs charged to grants and contracts are subject to revisions based on government audits of those costs. Management believes that contract costs are consistent with applicable government cost principles, and that costs subsequently disallowed, if any, upon audit by the government, beyond amounts already reserved by management, would not be material.