Notes to SEFA
The schedule of expenditures of federal awards contains federal grant activity of the Organization. It was prepared using the accrual basis of accounting. The information in the schedule is presented in accordance with the requirements of Title 2 US Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
The Organization did not receive any federal awards in the form of noncash assistance during the year.
The following is a reconciliation of expenditures reported on the schedule of expenditures of federal awards to the expenditures reported in the statement of activities:
There are no sub-recipients of federal funds as of and for the year ended June 30, 2024.
The Organization uses the indirect cost rate stipulated in its grant agreements and, therefore, has elected not to utilize the 10% minimum indirect cost rate.
The Organization did not expend federal awards related to loans or loan guarantees for the year ended June 30, 2024.