Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activity of the Special Works and Select Conferences (Divisions) of the Society of St. Vincent de Paul Archdiocesan Council of Indianapolis, Inc. under programs of the federal government for the year ended September 30, 2024. 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). Because the Schedule presents only a selected portion of the operations of Divisions, it is not intended to and does not present the financial position, change in net assets, functional expenses, nor cash flows of Divisions.
Expenditures reported on the Schedule are reported on the modified cash 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. Pass-through entity identifying numbers are presented, where available.
The Divisions elected not to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance.