Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method of accounting, which is defined in Note 1 to the Organization’s financial statements. 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).
Federal award revenues are reported in the Organization’s financial statements as grants and contracts revenue in the net assets with donor restrictions category.