Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal award activity of RFE/RL under programs of the Federal Government for the year ended September 30, 2025. Information in the 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). The Schedule presents only a selected portion of the operations of RFE/RL; accordingly, it is not intended to and does not present the financial position, changes in net assets or cash flows of RFE/RL.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement. RFE/RL has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
U.S. Government grants per the Statement of Activities and Changes in Net Assets $ 125,495,935 Add: Pangea funds received included as Other Income on the Statement of Activities and Changes in Net Assets 3,161,219 TOTAL EXPENDITURES OF FEDERAL AWARDS $ 128,657,154