Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity of Volunteers of America, Utah (the Organization) under programs of the federal government for the year ended June 30, 2025. The information is presented in accordance with 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 schedule presents only a selected portion of the operations of the Organization, it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of Volunteers of America, Utah.
Expenditures reported on the schedule are reported on the accrual basis of accounting, except for subrecipient expenditures, which are recorded on the cash basis. 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.
The Organization has elected to use the de minimis cost rate of up to 15 percent.