Notes to SEFA
The accompanying Schedule of Expenditures of Federal and State Awards includes the Federal award activity of the Family Service Agency of Santa Barbara County (the “Agency”), under programs of the federal government for the year ended June 30, 2025, 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 the operations of the Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Agency.
Expenditures reported on the Schedule of Expenditures of Federal and State Awards are reported either the cost principles in OMB Circular A‑122, Cost Principles for Non‑Profit Organizations, or the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Agency has a federally negotiated indirect cost rate of 15.3 percent that is applied to applicable federal awards. For federal awards that do not specify an indirect cost rate, the Agency has elected to use the 10 percent de minimis indirect cost rate allowed under the Uniform Guidance, in accordance with the terms and conditions of the respective awards.