Notes to SEFA
The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Durango 4-C Council, Inc. under programs of the federal government for the year ended August 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR), 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 Durango 4-C Council, Inc. it is not intended to and does not present the financial position, changes in equity, or cash flows of Durango 4-C Council, Inc.
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.
Durango 4-C Countil, Inc. has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Durango 4-C did not pass through funds to subrecipients.