Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Crossroads Rhode Island (Crossroads) under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented 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 Crossroads, it is not intended to and does not present the financial position, changes in net assets or cash flows of Crossroads.
Expenditures 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. Passthrough identifying numbers are presented where available.
Crossroads Rhode Island does not have a federally approved negotiated indirect cost-rate agreement and, therefore, is subject to the de minimis indirect cost rate under the Uniform Guidance. For awards received prior to October 1, 2024, Crossroads applied a 10-percent de minimis indirect cost rate. For awards received on or after October 1, 2024, Crossroads has elected to apply a 15-percent de minimis indirect cost rate.