Notes to SEFA
The accompanying schedule of expenditures of federal awards presents expenditures for all federal assistance awards that were in effect for Montgomery County Women's Center (the “Center”). The Center’s reporting entity is described in Note 1 of the basic financial statements.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Center and is presented on the accrual basis of accounting. 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. Because the schedule presents only a selected portion of the operations of the Center, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Center.
Expenditures reported on the schedule of expenditures of federal awards are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-Profit Organizations and the Uniform Grant Management Standards, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
There were no federal awards expended in the form of non-cash expenditures for the year ended December 31, 2025.
There were no loans or loan guarantees outstanding at year end. The Center has elected to use the 15 percent de minimis indirect cost rate allowed under the Uniform Guidance. The Center did not disburse any federal awards to subrecipients for the year ended December 31, 2025.
The following is a reconciliation of total federal expenditures in the schedule of expenditures of federal awards and total grants in the statement of activities for the year ended December 31, 2025: Grants per statement of activities $ 2,557,142 Less: non-federal grants (935,165) Less: United Way grant (217,500) Total per schedule of expenditures of federal awards $ 1,404,477