Notes to SEFA
The Accompanying schedule of expenditures of federal awards includes the federal grant activity of The Aerospace Corporation and is presented on the accrual basis of accounting. The information in this 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 (Uniform Guidance).
The Aerospace Corporation did not elect to use the 15% de minimis indirect cost rate as it does not apply to this entity because negotiated rates are used.
Amounts reported in the preceding schedule are reconciled to the annual financial statements for the Year Ended September 30, 2025. See the Notes to the SEFA for the table.
The total of $1,185,279,650 of Department of Defense—Air Force expenditures reported in the schedule of expenditures of federal awards for fiscal year 2025 includes $1,177,753,847 in support of fiscal year 2025 contract modification, $6,697,911 in support of fiscal year 2024 contract modification, $243,137 in support of fiscal year 2023 contract modification, $330,755 in support of fiscal year 2022 contract modification, $254,000 in support of fiscal year 2021 contract modification.
The preceding federal expenditures do not include Cost Accounting Standard 414, Cost of Money as an Element of the Cost of Facilities Capital, cost of funds of $25,930,221 for fiscal year 2025.
Of the federal expenditures presented in the schedule of expenditures of federal awards, federal awards provided to subrecipients were as follows: See the Notes to the SEFA for the table.