Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (Schedule) includes the federal and state award activity of CSE under programs of the federal and state governments for the year ended June 30, 2025. 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 CSE, it is not intended to and does not present the statement of net position, changes in net position, or cash flows.
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, where certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts reflected in the Schedule represent adjustments or credits resulting from the normal course of business to amounts reported as expenditures in prior years.
CSE did not elect to use the 10% de minimis cost rate (15% after October 1, 2024) as covered in the Uniform Guidance 2 CFR section 200.414 Indirect Costs.