Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards is prepared using the accrual basis method of accounting, which is defined in Note 1 to the Organization’s financial statements. 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).
The Organization had no federal expenditures as presented in the Schedule of Expenditures of Federal Awards that were provided to subrecipients.
The accompanying Schedule of Expenditures of Federal Awards presents all the activity of all the federal award programs of Resources for Independence – Central Valley (the Organization) for the year ended September 30, 2025. Federal awards received directly from federal agencies as well as federal awards passed through other government agencies are included on the schedule.
Federal award revenues are reported in the Organization’s financial statements as grants and contracts revenue in the with donor restrictions net asset category.