Notes to SEFA
The accompanying schedule of expenditures of federal awards (“the Schedule”) includes the federal grant activity of the Organization under programs of the federal government for the year ended August 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 the Organization it is not intended to, and does not, present the financial position, changes in net assets, or cash flows of the Organization.
(a) 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, Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. 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. (b) Pass-through entity identifying numbers are presented where available.
The following program cluster, as defined by the Uniform Guidance, was treated as a single program for determining major programs: Major Program AL # Child Care and Development Fund Cluster 93.575 and 93.596 Major Program AL # 84.027 was treated as a major program as it exceeded the threshold for major program determination.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
As described in Note 18, the Organization received advance payments under two federal awards (ALN 21.027) during the year ended August 31, 2025. Because no qualifying expenditures had been incurred as of year-end, the amounts received have been recorded as refundable advances and are not included in. federal expenditures in the accompanying Schedule of Expenditures of Federal Awards for the year ended. August 31, 2025.