Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization under programs of the federal government for the year ended September 30, 2025. The information in this schedule is presented in accordance with the requirement of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
Expenditures reported on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart E of 2 CFR Part 200 (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards), wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Pass-through entity identifying numbers are presented where available.
No federal expenditures presented in this schedule were provided to subrecipients.
During the year ended September 30, 2025, the Organization did not elect to use the 15% de minimis indirect cost rate.
Included in ALN 93.568 are client benefits paid by the state of Minnesota of $15,014,986. These expenditures are not included in the statement of activities.
The balance of the loan outstanding for the HOME Investment Partnership Program, Assistance Listing Number 14.239, as of September 30, 2025 was $325,000. The total federal expenditures shown in this schedule represents the full amount of the loan balance. No new loans were made under this program during 2025, and there were no interest subsidies, cash, or administrative cost allowances made under this program in 2025.