Notes to SEFA
The accompanying schedule of expenditures of federal awards (SEFA) includes the federal award activity of the Alliance under the programs of the federal government for the year ended September 30, 2025. The information in the SEFA is presented in accordance with Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the SEFA presents only a selected portion of the operations of the Alliance, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Alliance.
Expenditures reported on the SEFA are reported on the accrual 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.
The Alliance elected to use the 10% de minimis indirect cost rate, as allowed under the Uniform Guidance.