Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the federal expenditures of Alabama Council on Human Relations, Inc. and affiliates (the Agency) under programs of the federal government for the year ended February 28, 2025. The information in the 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).
The amounts reflected in the financial reports submitted to the awarding federal and/or pass- through agencies and the Schedule may differ. Some of the factors that may account for any difference include the following: The Agency's fiscal year end may differ from the program's year end. Accruals recognized in the Schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. Fixed asset purchases and the resultant depreciation charges are recognized as fixed assets in the Agency's consolidated financial statements and as expenditures in the program financial reports.
The Agency is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-throughs are considered direct.
Grant monies received and disbursed by the Agency are for specific purposes and are subject to audit by the corresponding oversight agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. The Agency believes that is unlikely that the various agencies would disallow a significant portion of the expenditures incurred, if any.