Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the federal grant activity of Southwest Detroit Environmental Vision 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 (the “Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of Southwest Detroit Environmental Vision, it is not intended to and does not present the financial position, changes in assets or cash flows of Southwest Detroit Environmental Vision.
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.
Southwest Detroit Environmental Vision has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. Instead, the Organization uses an approved indirect cost rate.
All subsequent events relative to the major programs were evaluated through December 23, 2025, the date the accompanying reports were available to be issued.