Notes to SEFA
This schedule is presented using the accrual basis of accounting. Expenditures of federal awards are recognized following the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200.320, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The amounts reported in this schedule as expenditures may differ from certain financial reports submitted to federal or city agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
The Organization does not have any subrecipients.