Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards (the "Schedule") includes the federal and state activity of Catholic Charities of East Tennessee, Inc. (the "Organization"). The information in the 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") and the State of Tennessee. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
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 and OMB Circular A-122, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.
Catholic Charities of East Tennessee, Inc. did not receive or expend any federal or state awards during fiscal year 2025 in the form of non-cash assistance.
There were no awards passed through to subrecipients