Notes to SEFA
The accompanying schedule of expenditures of Federal Awards (the Schedule) includes the Federal award activity of The Connecticut Resource Conservation and Development Area, 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 selected portion of the operations of The Connecticut Resource Conservation and Development Area, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of The Connecticut Resource Conservation and Development Area, 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.
The Organization has elected to use the 10% deminimus indirect cost rate as allowed under the Uniform Guidance.