Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of Solari, Inc. under programs of the federal government for the year ended September 30, 2025. The information in this schedule is presented in accordance with 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 Solari, Inc. it is not intended to and does not present the financial position, changes in net position, or cash flows of Solari, Inc. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditure are recognized following the cost principles contained in the Uniform Guidance and/or OMB Circular A-122, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limted as to reimbursement.