Notes to SEFA
Expenditures reported on the schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost princples contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Four Bands has elected to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance
The Organization had 8 subrecipients in 2025 and committed to fund $16,265,700 through 2027. The Organization paid $4,413,017 to subrecipients for the year ended December 31, 2025, of which 91.79% is the federal portion.
Federal expenses recognized for CFDA # 11.307 grant 05-79-06243 represent $956 of RLF income used for administrative costs, administrative and subrecipient expenses incurred of $5,635,633 and a cash and investment balance of $2,503,843 as of December 31, 2025. This fund has an outstanding loan balance at December 31, 2025 of $8,603,377, of which 91.79% is federally funded.