Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the “Schedule”) includes the expenditures on an accrual basis of City First Enterprises Inc. (a District of Columbia non-profit public benefit corporation) under programs of the federal government for the year ended December 31, 2025. The information in the Schedule is presented in accordance with the requirements of Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. Therefore, some amounts presented in the Schedule may differ from amounts presented in, or used in the preparation of the basic consolidated financial statements. For purposes of the Schedule, federal awards include all subawards to City First Enterprises Inc. by nonfederal organizations pursuant to federal grants, contracts and similar agreements.
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards; wherein certain types of expenditures are not allowed. Assistance Listing numbers (“ALN”) are provided when available. City First Enterprises Inc. elected not to use the 15% de minimis indirect cost rate.
Included in the Schedule are the following amounts passed through to subrecipients: Total Passed Total Through to Federal Program Title ALN Subrecipients Expenditures Capital Magnet Fund 21.011 $ 3,455,698 $ 3,637,577 Coronavirus State and Local Fiscal Recovery Funds 21.027 768,750 854,167 Greenhouse Gas Reduction Fund: National Clean Investment Fund 66.957 - 214,281 Greenhouse Gas Reduction Fund: Solar for All 66.959 - 125,522 Total $ 4,224,448 $ 4,831,547