Notes to SEFA
The Schedule of Expenditures of Federal Awards is prepared on the accrual basis of accounting in accordance with 2 CFR Part 200, Uniform Guidance. Expenditures are recognized following Uniform Guidance cost principles. The Organization does not use the 10 percent de minimis indirect cost rate; indirect costs are allocated based on actual expenditures in accordance with its cost allocation methodology. The Schedule includes only federal award expenditures for the year ended June 30, 2025, and excludes any state or other non-federal funding.