Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Goodwill Industries of the Chesapeake, Incorporated and Subsidiaries (Goodwill) 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 activities of Goodwill, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of Goodwill.
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.
Goodwill has elected to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
There are no amounts provided to subrecipients for the year ended December 31, 2025.