Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Saint Francis Ministries, Inc. (formerly known as Saint Francis Community Services, Inc.) and its wholly-owned subsidiaries (collectively, Saint Francis) 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 Saint Francis, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Saint Francis.
Expenditures reported on the Schedule are reported on either the accrual or cash 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Saint Francis has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Schedule includes the federal disbursements and expenses of the following entities: Saint Francis Community and Family Services, Inc. Saint Francis Community and Residential Services, Inc. Saint Francis Community Services in Nebraska, Inc. Saint Francis Community Services in Texas, Inc. Saint Francis Community Services in Arkansas, Inc. Saint Francis Community Services in Oklahoma, Inc. The Government Auditing Standards and Uniform Guidance requirements for Bridgeway Apartments, Inc. were included in the report audited by other auditors, Maddox & Associates, APC, for the year ended June 30, 2025.