Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal award activity
of Rocky Mountain Bird Observatory d/b/a Bird Conservancy of the Rockies (the Organization) under programs
of the federal government for the year ended December 31, 2025. The information 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). Because the
schedule presents only a selected portion of operations of the Organization, it is not intended to and does not
present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported in the schedule are reported on the accrual basis of accounting. When applicable, 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. No federal assistance has been
provided to a subrecipient during the year ended December 31, 2025.
The Organization has not elected to use the 15% de minimis cost rate.