Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Lifting Up Westchester, Inc. under programs of the federal government for the year ended December 31, 2024. The information in the 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 Lifting Up Westchester, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Lifting Up Westchester, Inc.
General The accompanying Schedule of Expenditures of Federal Awards presents all activity of all federal award programs for the year ended December 31, 2024. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the Schedule. Basis of Accounting Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements. Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. Indirect Cost Rate Lifting Up Westchester, Inc. allocates indirect costs as limited by the grant requirements and granting sources. Matching Requirement The Continuum of Care RAP Program CFDA# 14.267 does not have a matching requirement -