Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of the American Heart Association (the Association) under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Because the schedule only presents a select portion of the operations of the Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Association.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Expenditures are recognized following the cost principles contained in the Uniform Guidance, where certain types of expenditures are not allowable or are limited as to reimbursement. Amounts reported as expenditures in the accompanying schedule of expenditures of federal awards may not agree with the amounts reported in the related federal financial reports filed with the grantor agencies because of actual requirements to report cumulative amounts and certain accruals on the related federal financial reports.
The Association did not elect to use the de minimis indirect cost rate.