Notes to SEFA
The schedule of expenditures of Federal awards includes the Federal grant activity of SourcePoint under programs of the Federal government for the year ended December 31, 2024. The information in the schedule of expenditures of Federal awards is presented in accordance with the requirements of Title 2 U.S. Code of Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of Federal awards presents only a selected portion of the operations of SourcePoint, it is not intended to and does not present the financial position, changes in net assets, or cash flows of SourcePoint.
In accordance with the Title III B and Title III C programs SourcePoint was required to obtain matching contributions totaling $66,644. SourcePoint exceeded the required matching fund requirement.