Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards includes the federal grant activity of the Neighborhood Place of Puna’s programs of the federal government for the year ended June 30, 2025. 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 the Neighborhood Place of Puna, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Neighborhood Place of Puna.
Basis of Accounting: Expenditures reported on this 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. Indirect Cost Rate: The Organization has not elected to use the 10% de minimis cost rate
No Federal awards were passed through to subrecipients.