Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Coastal Bend Center for Independent Living under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with requirements of Title 2 U.S. Code of Federal Regulations Part 200, Un{form Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Coastal Bend Center for Independent Living, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Coastal Bend Center for Independent Living.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Major programs are identified in the Summary of Auditor's Results section of the Schedule of Findings and Questioned Costs.
Coastal Bend Center for Independent Living has an approved Indirect Cost Rate of 31.0% of direct salaries approved by U.S. Department of Health and Human Services.
There are no awards passed through to subrecipients.