Notes to SEFA
Basis of Presentation The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of NAMI Nevada (the “Organization”) 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 Guidance Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Because the Schedule presents only a selected portion of the operations of the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. 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 reimburse program income, federal awards are considered expended when funds are received or used. Indirect Cost Rate The Organization has elected to use the de minimis indirect cost rate allowed under the Uniform Guidance.