Notes to SEFA
The accompanying schedule of expenditures of federal and state awards includes the federal grant activity of WisCorps, Inc. 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 Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Where grant numbers are not available, an “N/A” has been indicated.
Midwest Organic Services Association, Inc. provided no federal awards to subrecipients during the fiscal year ending December 31, 2024.
Midwest Organic Services Association, Inc. received no federal or state awards of non-monetary assistance that are required to be disclosed for the fiscal year ended December 31, 2024. Midwest Organic Services Association, Inc. . had no federal or state loans or loan guarantors required to be disclosed for the year ended December 31, 2024.
Property and equipment acquired with grant funds are recorded as expenditures in the period of purchase instead of being capitalized and depreciated over their estimated useful lives as required by generally accepted accounting principles.