Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) is presented on the accrual basis of accounting, which is the same basis of accounting used for financial reporting purposes. 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). Expenditures are recognized following the cost principles contained in the Uniform Guidance. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
The Organization is a not-for-profit corporation located in Great Falls, Montana. The Organization is part of a national network of community action agencies that were created by the federal government to combat poverty. The Organization partners with various agencies to provide basic needs services within a nine county area.
The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under Uniform Guidance.
The Organization had no subrecipients of its federal awards for the year ended March 31, 2025.