Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”), lists the federal award activity (including federal pass-through award activity) of the Organization 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 operations of the Organization, it is not intended to and does not present the financial position, change in net assets, or cash flows of the Organization.
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.
The Organization has elected not to use the de minimis indirect cost rate as allowed under the Uniform Guidance.
The Organization provided no federal funds to subrecipients.
The following is a reconciliation of the grant revenue from the Statement of Activities to the federal expenditures for the Schedule of Expenditures of Federal Awards: See Table