The accompanying schedule of expenditures of federal awards presents the expenditures, for the fiscal year ended June 30, 2025, of all the federal assisted programs of Nuestra Escuela, Inc.
The schedule of expenditures of federal awards was prepared following the accrual basis of accounting, consistent with the financial statements. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Requirements for Federal Awards (Uniform Guidance), Audits of States, Local Governments, and Non-Profit Organizations.
Amounts reported in the accompanying Schedule of Expenditures of Federal Awards agree with the amounts reported in the related federal financial reports. However, certain federal financial reports are filed based on cash expenditures. As such, certain timing differences may exist in the recognition of revenue and expenditures between the schedule of Expenditures of Federal Awards and the federal financial reports.
The Catalog of Federal Domestic Assistance (CFDA) number is a program identification number. The first two digits identify the federal department or agency that administers the program and the last three numbers are assigned by numerical sequence according with the program name within the corresponding agency.
State or local government and private entities includes within their federal proposal award the related amount of federal awards granted to NUESTRA ESCUELA, also known as “pass-through awards”. NUESTRA ESCUELA should consider these federal funds as though they were received directly from the federal government. The Uniform Guidance requires that the schedule should include the name and the identifying number assigned for federal awards received as a subrecipient. Numbers identified as NA are not applicable or available.
Expenses per Statement of Activities and Changes in Net Assets $ 6,649,187 Less: Non-Federal Expenditures and Depreciation in Federal Programs 3,975,998 Plus: Federal Expended Capitalized 981,538 Total Expenditures of Federal Awards in Schedule of Expenditures of Federal Awards $ 3,654,727
Matching costs, such as the nonfederal share of certain program costs, are not included in the accompanying Schedule.
The federal expenditures reported in the accompanying schedule did not include any indirect costs as defined by the Uniform Guidance.
No Federal grant has been passed-through to subrecipient.