Notes to SEFA
The accompanying schedule of expenditures of federal awards for the year ended September 30, 2025 includes the federal grant activity of the Foundation, and is presented on the accrual basis of accounting. The information 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.
Assistance Listing numbers are assigned to various agreements presented on the Schedule of Expenditures of Federal Awards. When an Assistance Listing number is not assigned, federal awards from the same agency made for the same purpose are combined by primary focus or source, and are considered one program for purposes of determining major programs.
National Fish and Wildlife Foundation has not elected to use the de minimus cost rate allowed under the Uniform Guidance.
Financial awards from federal governments in the form of grants are subject to special audits. Such audits could result in claims against the Foundation for disallowed costs or non-compliance with grantor restrictions. No provision has been made for any liabilities that may arise from any such audits.