Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“SEFA” or “the Schedule”) includes the federal grant activity of Resilience under programs of the federal government for the year ended June 30, 2025. The information in this schedule is presented in accordance with requirements of the 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 Resilience, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported in the Schedule are reported on an 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.
There were no awards passed through to subrecipients for the year ended June 30, 2025.
In the absence of any Negotiated Indirect Cost Rate Agreements (NICRAs), Resilience has elected to use the 10- percent de minimis indirect cost rate (for grant awards received prior to October 1, 2024) and the 15-percent de minimis indirect cost rate (for grant awards received on or after October 1, 2024) as permitted by the Uniform Guidance.
Resilience did not have any outstanding federal loans or loan guarantees as of June 30, 2025. Resilience did not receive any federal noncash awards or insurance assistance for reimbursement losses during the year ended June 30, 2025.