Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards summarizes the expenditures of the Organization under programs of the federal government for the year ended December 31, 2025 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the provisions 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”). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic consolidated financial statements. The Schedule of Expenditures of Federal Awards does not include the federal awards of CHRIS Properties Graham Circle, LLC, which totaled $4,720,431 for the year ended December 31, 2025, as those funds are included in the Uniform Guidance audit performed separately within CHRIS Properties Graham Circle, LLC.
The Organization did not provide any federal awards to subrecipients during the year ended December 31, 2025. Furthermore, there were no federal loans, loan guarantees, or federal non-cash assistance (such as commodities or insurance) in force or outstanding during the fiscal period.