Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“the Schedule”) includes the federal grant activity of Integrity and Fidelity, NFP (the Organization) under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with requirements of the 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization
Expenditures reported in the Schedule are reported on an 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.
There were no awards passed through to subrecipients for the year ended December 31, 2024.
For federal grants effective prior to October 1, 2024, the Organization has elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance. For federal grants issued October 1, 2024 and after, the Organization has elected to use the 15-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization did not have any outstanding federal loans or loan guarantees as of December 31, 2024. The Organization did not receive any federal noncash awards or insurance assistance for reimbursement losses during the year ended December 31, 2024.