Notes to SEFA
The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award activity of El Paso Community Action Program Project BRAVO, Inc. ("Project BRAVO") 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 Project BRAVO, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Project BRAVO.
Expenditures reported 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.
Project BRAVO has not elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Project BRAVO did not expend federal awards related to loans or loan guarantees during the year ended December 31, 2025.
During the current fiscal year, Project BRAVO did not expend any federal non-cash assistance.
There are no insurance requirements on the federal awards disclosed on the Schedule of Expenditures of Federal Awards