Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activities of USAging under programs of the federal government for the year ended December 31, 2025. The information in the 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 (the Uniform Guidance). Because the Schedule presents only a selected portion of the operations of USAging, it is not intended to, and does not, present the financial position, changes in net assets, or cash flow of USAging.
The Organization has not elected to us the 15-percent de minimis indirect cost rate as allowed under the Uniform Guidance as USAging already has a negotiated indirect cost rate with the Federal Agency.
USAging records revenue adjustments to conform to GAAP which are not required to be recorded within the schedule.