Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Organization under programs of the federal government for the year ended December 31, 2025. The information in this schedule is presented in accordance with the requirement of the Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. 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 on this schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in Subpart E of 2 CFR Part 200 (Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards), wherein certain types of expenditures are not allowable or are limited as to reimbursement
Pass-through entity identifying numbers are presented where available.
No federal expenditures presented in this schedule were provided to subrecipients.
During the year ended December 31, 2025, the Organization did not elect to use the 15% de minimis indirect cost rate.
The balance of the loan outstanding for the Community Development Block Grants/Entitlement Grants program, Assistance Listing Number 14.218, as of December 31, 2025 is $2,602,255.