Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of Volunteers of America Texas, Inc. (VOAT) under programs of the federal government for the year ended June 30, 2025. The information in the 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 the Schedule presents only a selected portion of the operations of VOAT, it is not intended to and does not present the financial position, changes in net assets or cash flows of VOAT.
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. The Organization has not elected to use the 10 percent de minimus indirect cost rate as allowed under the Uniform Guidance.
VOAT recognized revenue totaling $16,853,471 that was included in revenue and grants from governmental agencies on the statement of activities that was not subject to the audit requirements of the Uniform Guidance for the year ended June 30, 2025 and therefore, was not included on the Schedule.