Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "schedule") includes the federal award activity of the Organization under programs of the federal government for the year ended June 30, 2025 in accordance with the requirements of Uniform Guidance. The information in this schedule is presented in this schedule may differ from amounts presented in, or used in the preparation of the financial statements.
Expenditures reported in the Schedule 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 limted to reimbursement.
The Organization does not incur any indirect costs in connection with the RISS program, therefore, indirect cost rates as not applicable.