Notes to SEFA
This schedule includes the federal award activity of the Organization under programs of the federal government for the
year ended May 31, 2025. 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"). Because this schedule presents only a selected portion of the
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 on this 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 Organization has elected to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.