Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Children’s Defense Fund and Children’s Defense Fund Action Council (collectively, CDF) 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 a selected portion of the operations of CDF, it is not intended to and does not present the financial position, changes in net position, or cash flows of CDF.
All federal financial assistance programs operated by CDF are included in the scope of the Uniform Guidance audit. This Single Audit was conducted in accordance with the provisions of the Office of Management and Budget's Compliance Supplement.
Expenditures reported on the Schedule are reported on the modified 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. CDF has not elected to use the 10% de minimis indirect cost rate (for awards and amendments to existing awards made before October 1, 2024) and the 15% de minimis indirect cost rate (for new federal awards issued on or after October 1, 2024) as allowed under the Uniform Guidance.
Single Audit testing procedures were performed for program transactions occurring during the year ended December 31, 2025, for the following major program: See the Notes to the SEFA for chart/table