Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) presents the activity of all federal award programs of the California Community Foundation (the Foundation). The Schedule includes federal awards received directly from federal agencies as well as federal awards passed through the State of California and other agencies. The Foundation’s reporting entity is defined in note 1 to the Foundation’s consolidated financial statements. Because the Schedule presents only a selected portion of the operations of the Foundation’s, it is not intended to, and does not, present the financial position, changes in net position, or cash flows of the Foundation.
The schedule is presented in accordance with Uniform Guidance.
The Foundation elected to use the 10% de minimis indirect cost rate as discussed in the Uniform Guidance Section 200.414.