Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of ACDI/VOCA and Affiliates (ACDI/VOCA) under programs of the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of ACDI/VOCA, it is not intended to and does not present the financial position, changes in net assets or cash flows of ACDI/VOCA.
Expenditures reported on the Schedules are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
ACDI/VOCA has elected not to use the 10% de minimus cost rate allowed under the Uniform Guidance.
Amounts provided to subrecipients shown separately on the Schedule are also a component of the federal expenditures presented.