Notes to SEFA
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of SCHC Companies, Inc. and Affiliates. The schedule includes expenditures of Federal programs received directly from Federal agencies, as well as Federal assistance passed through other organizations.
The schedule of expenditures 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). Amounts included in the accompanying schedule of expenditures of federal awards are actual expenditures for the year ended. Differences between amounts included in the accompanying schedule of expenditures of federal awards and amounts reported to funding agencies for these programs result from report timing.
SCHC Companies, Inc. and Affiliates did not elect to use the 10% de minimis rate as allowed under the Uniform Guidance.
SCHC Companies, Inc. and Affiliates did not provide Federal awards to subrecipients for the year ended December 31, 2024.