Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activities of On The Move (“OTM”). The information in this schedule is presented in accordance 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 of OTM, it is not intended to, and does not present the financial position, changes in net assets, or cash flows of OTM.
Expenditures reported on 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 limited as a reimbursement.
OTM elected to use the federal de minimis indirect cost rate for the year ended June 30, 2025. The rate was 10% of modified total direct costs until September 30, 2024, and increased to 15% effective October 1, 2024, pursuant to updated Uniform Guidance.
No expenditures were made to subrecipients during the year.