Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of The Salvation Army Peoria City Fund (the Army) for the year ended September 30, 2025, and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic consolidated financial statements.
Prior to July 1, 2025, the Army had not elected to use the de minimis indirect cost rate allowed under the Uniform Guidance for grants. As of July 1, 2025, the Army has elected to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance for grants.