Notes to SEFA
The accompanying schedule of expenditures of federal awards (The "Schedule") includes the federal award activity of Iowa Mennonite Benevolent Association 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 Iowa Mennonite Benevolent Association, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Iowa Mennonite Benevolent Association.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles in the Uniform Guidance.
Iowa Mennonite Benevolent Association has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance.
Iowa Mennonite Benevolent Association does not have grants passed through to subrecipients.
See the Notes to the SEFA for chart/table