Audit 400410

FY End
2025-12-31
Total Expended
$5.41M
Findings
0
Programs
18
Year: 2025 Accepted: 2026-05-01
Auditor: RSM US LLP

Organization Exclusion Status:

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Contacts

Name Title Type
JZWRG5JGXS61 Monica Garrison Auditee
7037972510 Thomas J. Sneeringer Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the standalone entity of The Conservation Fund, a Nonprofit Corporation (the Fund) under programs of the federal government for the year ended December 31, 2025. The information in the 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Fund, it is not intended to and does not present the financial position, changes in net assets or cash flows of the Fund.
Expenditures reported on the Schedule 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.
The Fund has elected not to use the 10% de minimis cost rate allowed under the Uniform Guidance for awards issued prior to October 1, 2024, or the 15% de minimis cost rate allowed under the Uniform Guidance for awards issued on or after October 1, 2024.