Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes federal grant activity of Connecticut Veterans Legal Center under programs of the federal government for the fiscal year ended June 30, 2025. Various departments and agencies of the United States of America have provided financial assistance through grants and other authorizations 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 Connecticut Veterans Legal Center, Inc., it is not intended and does not present the financial position, changes in fund balance, changes in net position, or cash flows of Connecticut Veterans Legal Center, Inc. The accounting policies of Connecticut Veterans Legal Center, conform to accounting principles generally accepted in the United States of America as applicable to not-for-profit agencies. The information in the Schedule is presented based upon regulations established by the United States of America, Office of Management and Budget.
The 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 reimbursement. Pass-through entity identifying numbers are presented where available. Connecticut Veterans Legal Center, Inc. has elected not to use the 10 percent de minimis indirect rate as allowed under the Uniform Guidance.