Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule” or “SEFA”) includes the federal grant activity of The Children’s Village, Inc. and Affiliates (the “Agency”) under 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 the U.S. Office of Management and Budget Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Because the Schedule presents only a selected portion of the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Agency.
The Schedule has been prepared on the accrual basis of accounting.
There were no payments made to subrecipients from federal awards expended during the year ended June 30, 2025.
The Agency has a federally approved indirect cost rate and therefore cannot use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.