Notes to SEFA
The Schedule of Expenditures of Federal Awards includes the federal grant activity of 17 Lincoln Street, Inc. for the year ended June 30, 2025. 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, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this schedule presents only a selected portion of the operations of 17 Lincoln Street, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of 17 Lincoln Street, Inc.
Expenditures reported on this 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. 2. Pass-through entity identifying numbers are presented where available. 3. 17 Lincoln Street, Inc. has not elected to use the 10% de minims indirect cost rate as allowed under the Uniform Guidance.
Capital advance (prior year) $ 845,500 Tenant rental assistance subsidy (current year) 71,024 $ 916,512