Notes to SEFA
For purposes of the Schedule, federal awards include all grants, contracts, and similar agreements entered into directly with the federal government and other pass-through entities. Payments received for goods or services provided as a vendor do not constitute federal awards for purposes of the Schedule. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not represent the financial position of the Organization.
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 Organization’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 recognized as fixed assets in the Organization’s financial statements may be recorded as expenditures in the program financial reports.
The Organization 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-through funds are considered to be direct.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Based upon prior experience, the Organization does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization. As of September 30, 2025, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
The Organization did not receive any federal noncash assistance for the fiscal year ended September 30, 2025.
The Organization has elected to use the de minimis indirect cost rate.
The Organization did not have any loans or loan guarantee programs required to be reported on the schedule for the fiscal year ended September 30, 2025.