Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Massachusetts Manufacturing Extension Partnership, Inc. under programs of the federal government for the year ended June 30, 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 portion of the operations of Massachusetts Manufacturing Extension Partnership, Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Massachusetts Manufacturing Extension Partnership, Inc.
• 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. • Massachusetts Manufacturing Extension Partnership, Inc. has not elected to use the 15 percent de minimis cost rate as allowed under the Uniform Guidance.
The Organization utilized an indirect cost rate of 29.59% for the period of July 1, 2024 through June 30, 2025.