Notes to SEFA
The schedule of expenditures of federal awards (“SEFA”) presents federal grant activity of the Center for the fiscal year ended August 31, 2025 is reported on the accrual basis of accounting. The information in the SEFA is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the SEFA may differ from amounts presented in, or used in the preparation of, the Center’s financial statements.
Amounts reflected in the financial reports filed with grantor agencies for the program may not agree with the amounts in the SEFA because of accruals made to present the SEFA on the accrual basis (which would be included in the next report filed with the agencies), as well as matching requirements not included in the SEFA and differences in programs’ year-ends.
The following is a reconciliation of expenditures of federal awards and revenues on Statement of Activities: See notes to SEFA for table/chart