Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal grant activity of Boys & Girls Clubs of Central and Northern New Hampshire, Inc. under the 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 the Office of Management and Budget (OMB) Uniform Guidance. Because the Schedule presents only a selected portion of the operations of Boys & Girls Clubs of Central and Northern New Hampshire, Inc. it is not intended to and does not present the financial position, results of operations or cash flows of Boys & Girls Clubs of Central and Northern New Hampshire, Inc.
Expenditures reported on the Schedule are presented on the same basis of accounting as Boys & Girls Clubs of Central and Northern New Hampshire, Inc.'s financial statements. Boys & Girls Clubs of Central and Northern New Hampshire, Inc. uses the accrual basis of accounting. Expenditures represent only the federally funded portions of the program. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Federal expenditures include allowable costs charged to federal awards during the year. During the year ended December 31, 2025, the Club included $74,189 of federally approved pre-award costs related to costs incurred prior to the award start date and charged to the initial budget period in accordance with the award terms.
The amounts shown as current year expenditures represent only the federal grant portion of the program costs. Entire program costs could be more than shown. Such expenditures are recognized following, as applicable, the cost principles in the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, Audit Requirements, wherein certain types of expenditures are not allowed or are limited to reimbursement.
In accordance with the OMB Uniform Guidance, major programs are determined using a risk-based approach. The program in the accompanying Schedule is determined by the independent auditor to be a major program.
The Boys & Girls Clubs of Central and Northern New Hampshire, Inc. has elected to use the negotiated indirect cost rate as specified in the applicable grant agreement. The Club did not elect to use the de minimis indirect cost rate. For the 93.575 grant, the Club charged indirect costs using the negotiated indirect cost rate of 6.68% approved in the grant agreement by the passthrough agency.