The accompanying schedule of expenditures of federal awards includes the federal grant activity of North Carolina Humanities Council and is presented on the cash basis of accounting. 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The Council obligated $42,300 from SO-283085-22 Regular Award and $39,991 from SO-303334-25 Regular Award, both National Endowment for the Humanities funds, CFDA #45.129, for subrecipient awards during the year. The Council had no subrecipient awards payable from SO-283085-22 Regular Award, no subrecipient awards payable from SSO-296240-23 UWS, no subrecipient awards payable from SSO-296250-23 NHD, and no subrecipient awards payable from SO-303334-25 Regular award.
The Council had $196,126 of unexpended federal funds related to the funding year ended October 31, 2024, for grant number SO-283085-22, for which the award period ends October 31, 2026. The Council also had $2,163 of unexpended federal funds related to the funding year October 31,2023, for grant number SSO-296250-23 NHD, for which the award period ended February 28, 2025. The Council also had $571,897 of unexpended federal funds related to the funding year October 31, 2025, for grant number SO-303334-25, for which the award period ends October 31, 2029.
The schedule of expenditures of federal awards are presented on the cash basis of accounting and may differ from total expenditures reported in the statement of activities due to, among other items, nonfederal funding and timing differences. The following table reconciles the total expenditures per the schedule of expenditures of federal awards to the total expenses per the statement of activities for the year ended October 31, 2025: Expense per the Schedule of Expenditures of Federal Awards: $1,274,464; Less: Grant Payable: ($247,864); Total: $1,026,600; Plus: nonfederal expenditures: $56,924; Total expenditures per Statement of Activities: $1,083,524.