Notes to SEFA
The accomapnying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of InterFaith Works of Central New York for the year ended December 31, 2025. The schedule includes expenditures of federal programs received directly from federal agencies, as well as federal assistance passed through other organizations. The accompanying schedule of expenditures of federal awards has been prepared in conformity with accounting principles generally accepted in the United States of America. The information in this schedule is presented in accordance with 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Amounts included in the Schedule are actual expenditures for the year ended December 31, 2025. Differences between amounts included in the Schedule amd amounts reported to funding agencies for these programs result from report timing.
Indirect costs are included in the reported expenditures to the extent they are included in the federal financial reports for the program. InterFaith Works of Central New York elected not to use the de minimis cost rate as allowed under the Uniform Guidance.