Notes to SEFA
The Schedule of Expenditures of Federal Awards is prepared on the same basis of accounting as the Organization’s financial statements. The Organization uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Organization records should be consulted to determine amounts expended or matched from non-federal sources. The Organization has elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.
The amounts shown as current year expenses represent only the (federal/state/local) grant portion of the program costs. Entire program costs, including the Organization’s portion, may be more than shown.