Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of African Cultural Alliance of North America and is presented on the accrual basis of accounting. The information in this schedule is presented inaccordance 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). Because the schedule presents only a selected portion of the operations ofAfrican Cultural Alliance of North America, it is not intended to and does not present the financial position, changes in net assets, or cash flows of African Cultural Alliance of North America.