Notes to SEFA
The accompanying schedule of expenditures of federal and state awards includes the federal and state grant activity of the Organization for the year ended December 31, 2024 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements. Expenditures reported in 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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization has elected not to use the 10-percent de minimus indirect cost rate as allowed under the Uniform Guidance.