Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Wise & Healthy Aging (the “Organization”) under the 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 Title 2 U.S. Code of Federal Regulations (CFR) 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Consistent with management’s policy, federal awards are recorded as government agencies revenue which includes state and local awards. As a result, the amount of total federal awards expended on the Schedule does not agree to total government agencies revenue on the Statement of Activities as presented in the Organization’s audited financial statements as of and for the year ended June 30, 2025.