Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Community Investment Collaborative under programs of the federal government for the year ended December 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 the Schedule presents only a selected portion of the operations of Community Investment Collaborative, it is not intended to and does not present the financial position, changes in net assets or cash flows of Community Investment Collaborative
Expenditures - Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through - Pass through entity identifying numbers are presented where available.
The organization has elected not to use the ten percent de minimis indirect cost rate allowed under the Uniform Guidance
No awards were passed through to subrecipients
Federal expenditures, under Federal Assistance Listing 59.046, for the U.S. Small Business Administration (SBA) includes the balance of one outstanding loans. These particular loans were funded by loans from SBA to Community Investment Collaborative and for which the SBA imposes continuing compliance requirements. Proceeds received and outstanding at December 31, 2025 were $250,000.