Notes to SEFA
The schedule of expenditures of federal awards (the "Schedule") is prepared on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance, Audits of State and Local Governments and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of North Florida Land Trust, Inc. (the "Organization"), it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization.
Of the federal expenditures presented in the Schedule, the Organization provided federal awards to subrecipients as follows:
As a subrecipient, the Organization has certain compliance responsibilities, such as monitoring its subrecipients to help assure they use these sub-awards as authorized by laws, regulations, and the provisions of contracts or grant agreements, and that subrecipients achieve the award's performance goals.