Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the Organization 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 of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Costs Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the Organization’s operations, it is not intended to be and does not present the financial position, changes in net position, or cash flows of the Organization.
The amounts shown as current year expenses represent only the (federal/state/local) grant portion of the program costs. Entire program costs, including the Organization’s portion, may be more than shown.
No noncash awards existed in the current year.
Expenses reported on the Schedule are reported on the accrual basis of accounting. Such expenses are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-87, Cost Principles for State, Local and Indian Tribal Governments, wherein certain types of expenses are not allowable or are limited as to reimbursement.
The Organization elected to use the 10 percent de minimums indirect cost rate as covered in 2 CFR §200.414.