Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award of Daniel Memorial, Inc. and Affiliates under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with the requirement 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 Daniel Memorial, Inc. and Affiliates, it is not intended to and does not present the financial position, changes in net assets or cash flows of Daniel Memorial, Inc. and Affiliates. Federal programs with different assistance listing numbers that are closely related because they share common compliance requirements are defined as a cluster by the Uniform Guidance.
The amounts reflected in the financial reports submitted to the awarding federal, and/or pass-through agencies and the Schedule may differ. Some of the factors that may account for any difference include the following: • The Organization’s fiscal year end may differ from the program’s year end. • Accruals recognized in the Schedule, because of year end procedures, may not be reported in the program financial reports until the next program reporting period. • Fixed asset purchases and the resultant depreciation charges are recognized as fixed assets in the Organization’s consolidated financial statements and as expenditures in the program financial reports and the Schedule.
The Organization is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through funds are considered to be direct. Certain federal funds for a program are received through various pass-through entities. The Organization has no sub-recipients.
Grant monies received and disbursed by the Organization are for specific purposes and are subject to review by the grantor agencies. Such audits may result in requests for reimbursement due to disallowed expenditures. Management does not believe that such disallowance, if any, would have a material effect on the financial position of the Organization. As of June 30, 2025, there were no material questioned or disallowed costs as a result of grant audits in process or completed.
The Organization did not receive any federal noncash assistance for the fiscal year ended June 30, 2025.
The Organization did not have any loans or loan guarantee programs required to be reported on the schedule for the fiscal year ended June 30, 2025.
See table in report