Notes to SEFA
All federal grant operations of the Maitri Compassionate Care are included in the scope of the audit performed under the Single Audit Act Amendments of 1996 and Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The audit was performed in accordance with the provisions of the OMB Compliance Supplement. Compliance testing of all requirements, as described in the Compliance Supplement, was performed for the major programs listed in the Summary of Auditors' Results of the accompanying Schedule of Findings and Questioned Costs. These programs represent all major federal award programs and other grants with 2025 cash and noncash expenditures in excess of $750,000 to ensure coverage of at least 20% of federally granted funds. Actual coverage is approximately 73% of total cash and noncash federal award program expenditures.
The accompanying Schedule of Expenditures of Federal Awards includes all Federal grants and contracts to the Maitri Compassionate Care that had activity during the year ended June 30, 2025. This schedule has been prepared on the accrual basis of accounting. Grant and contract revenues are recorded for financial reporting purposes when the Organization has met the qualifications for the respective grants and contracts.
The Maitri Compassionate Care and Related Organizations have elected to use the 10% de minimus indirect cost rate as allowed under the Uniform Guidance.