Notes to SEFA
The accompanying schedules of expenditures of federal, state and city awards (the “Schedules”) present the activities in the financial assistance programs of Campaign for Working Families, Inc. (the “Organization”). All financial assistance received directly from federal, state and city agencies as well as financial assistance passed through other governmental agencies or not-for-profit organizations are included in the Schedules. The information in the Schedules 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”) and the City of Philadelphia Subrecipient Audit Guide. Because the Schedules present only a selected portion of the operations of the Organization, they are not intended to and do not present the financial position, activities or cash flows of the Organization.
Federal, state and city financial assistance expenditures are reported on the statement of functional expenses as program and general and administrative expenses. The expenditures reported in the basic financial statements may differ from the expenditures reported in the Schedules due to program expenditures exceeding grant or contract budget limitations, matching or in-kind contributions or capitalization policies required under accounting principles generally accepted in the United States of America.