Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization under programs of the federal government for the year ended August 31, 2023. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance . All federal awards received directly from federal agencies as well as awards passed through other government agencies are included in the schedule. Because the schedule presents only a selected portion of the operations of the Organization it is not intended to and does not present the financial position, statement of activities or cash flows of the Organization.
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures of federal awards are recognized in the accounting period when the liability is incurred.
The grant expenditures do not include any indirect costs and, as such, the Center has not made any elections regarding the 10% de minimis cost rate as permitted in the Guidance, Section 200.414.
Federal awards are subject to the Uniform Guidance . Such guidelines are consistent with those required under Single Audit Act of 1996, the Uniform Guidance and Government Auditing Standards , issued by the Comptroller General of the Unted States.
The Organization does not pass any of their federal funding to subrecipients.