Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "SEFA") includes the federal award activity of Rio Grande Child Development and Family Services (the "Organization") 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 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 SEFA presents only a selected portion of the operations of Rio Grande Child Development and Family Services, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the SEFA 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. Negative amounts shown on the SEFA represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years.
Rio Grande Child Development and Family Services has elected not to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance.