Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the federal award activity of the Association under 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 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 Association, it is not intended to and does not present the financial position, changes in net position, or cash flows of the Association. The Association reports a nonprofit organization (Community Solutions of Eastern Iowa, Inc.) as a blended component unit in its financial statements because the nature and significance of the relationship between the entities are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete. Accordingly, the federal award expenditures of this blended component unit are included in the accompanying Schedule. Expenditures of federal awards attributable to the blended component unit are included within the applicable federal program lines presented in the Schedule.