Notes to SEFA
Basis of Accounting The accompanying schedule of expenditures of federal awards includes the federal grant activity of Prevention First, Inc. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements. 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. Prevention First, Inc. has elected not to use the de-minimis indirect cost rate allowed under the Uniform Guidance.
A. Other Federal Assistance As of and during the year ended June 30, 2025, Prevention First, Inc. did not receive any noncash federal assistance, federal insurance, or federal loans or loan guarantees. B. Subrecipient Grants During the year ended June 30, 2025, Prevention First, Inc. did not pass-through federal funds to subrecipients.