Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Girls Inc. of the Valley for the year ended June 30, 2025, and is presented on the accrual basis of accounting. 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 Girls Inc. of the Valley, it is not intended to and does not present the financial position, change in net assets, or cash flows of Girls Inc. of the Valley.
The schedule of expenditures of federal awards is prepared 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. The Organization did not pass-through any federal funds to a subrecipient in 2025.
The Organization has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance for certain contracts.