Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant and activity of Gulf Coast Center for Nonviolence, Inc. for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 US. 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 the Center, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Center.
Expenditures reported on the schedule of expenditures of federal awards are presented on the accrual basis of accounting, the same basis of accounting and the same significant accounting policies as applicable, as those used in the preparation of the Center's financial statements. Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-122, Cost Principles for Nonprofit Organizations, or the cost principles contained in Title 2 US. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Center did not have any non-cash awards or subrecipients during the fiscal year.
The Center elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.