Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“Schedule”) includes the federal grant activity of ALSO and is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) 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 ALSO, it is not intended to and does not present the financial position, changes in net assets or cash flows of ALSO.
ALSO did not receive loans or loan guarantees for the year ended December 31, 2025.
ALSO did not receive non-cash assistance for the year ended December 31, 2025.
ALSO did not receive insurance assistance to reimburse losses for the year ended December 31, 2025.