Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the Federal grant activity of IAVI under programs of the Federal Government for the year ended December 31, 2025. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of IAVI, it is not intended to and does not present the financial position, change in net assets or cash flows of IAVI.
Expenditures reported on the Schedule are reported on the 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. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. IAVI has elected not to use the 10-percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Expenditures per the Schedule of Expenditures of Federal Awards $ 27,874,688 Non-Federal awards and fee for service arrangements 50,553,741 GRANTS AND CONTRIBUTIONS REVENUE WITHOUT DONOR RESTRICTIONS PER CONSOLIDATED STATEMENT OF ACTIVITIES $ 78,428,429