Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of New York Statewide Senior Action Council, Inc. under programs of the federal government for the year ended March 31, 2025. The information in this 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 New York Statewide Senior Action Council, Inc., it is not intended to and does not present the financial position, changes in net position, or cash flows of New York Statewide Senior Action Council, Inc.
Federal expenditures are reported on the statement of activities and changes in net assets as grants and awards. In certain programs, the expenditures reported in the basic financial statements may differ from the expenditures reported in the schedule of expenditures of federal awards due to program expenditures exceeding grant or contract budget limitations or capitalization policies required by accounting principles generally accepted in the United States of America which are not included as expenditures of federal awards.