Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of the Neighborhood Center of West Volusia, Inc. under programs of the federal government for the year ended December 31, 2024. 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 Neighborhood Center of West Volusia, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Neighborhood Center of West Volusia, Inc.
Expenditures reported on the 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.
Neighborhood Center of West Volusia, Inc. has elected not to use the 15 percent de minimis indirect cost rate as allowed under Uniform Guidance.
Amounts received, or receivable, from grantor agencies are subject to audit and adjustment by grantor agencies. If any expenditures ae disallowed as a result of these audits the claims for reimbursement to the grantor agency would become a liability of the Center.
The Center receives certain federal awards from pass-through awards from state and other funding agencies. Pass-through entity identifying numbers are presented in the Schedule of Expenditures of Federal Awards where available. The total amount of such pass-through awards is included on the Schedule of Expenditures of Federal Awards.