Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) for the year ended June 28, 2025 includes the federal grant activity of Goodwill of Central and Southern Indiana, Inc. and not the consolidated affiliates and is presented on the accrual basis of accounting. Goodwill’s consolidated affiliate Goodwill Education Initiatives, Inc. (GEI) received federal awards which are not included in Goodwill’s accompanying SEFA for 2025. GEI was independently audited by other auditors during its year end of June 30, 2025 in accordance with Title 2 U.S. Code of Federal Regulations (CFR) Part 200. The information in the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. The consolidated financial statement classifications may include other financial activity for reporting purposes. Therefore, some of the amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
Goodwill did not pass through federal awards to sub-recipients during 2025.