Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of El Buen under programs of the federal government for the year ended September 30, 2025. The information in these schedules are presented in accordance with the requirements of Subpart F Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, and Cost Principles, Audit Requirements for Federal Awards (Uniform Guidance); therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the financial statements.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
El Buen has not elected to use the 15 percent de minimis indirect cost rate as allowed under the Uniform Guidance.