Notes to SEFA
The schedule of expenditures of federal awards (the schedule) presents only the activity of the federal award program of Fair & Balanced of PA, Inc. (the Organization) for the year ended December 31, 2024. 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. Because the schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position or changes in net assets of the Organization.
Expenditures reported on the schedule are reported on the accrual basis of accounting. The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
As a result of deficiencies noted during Pennsylvania Department of Education reviews and decisions made by management of the Organization, the Organization will not administer the Child and Adult Care Food Program after September 30, 2025.