Notes to SEFA
The accompanying schedule of federal awards includes federal grant activity of the Organization and is presented on the accrual basis of accounting. Grant awards are considered expended when the expense transactions associated with the grant occur. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
The Organization provided federal awards to subrecipients as presented in the schedule.
The Organization did not elect to use the fifteen percent de minimis indirect cost rate as allowed in the Uniform Guidance, 2 CFR 200.414.
The Refugee Microenterprise Development federal loan program (ALN #93.576) is administered directly by the Organization. All balances and transactions relating to this program are included in the Organization’s basic financial statements. Loans made during the year totaling $53,000 are included in the federal expenditures presented in the Schedule of Expenditures of Federal Awards. The balance outstanding on the loans receivable at June 30, 2025 is $166,008.