Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal award activity of Creative Enterprises, Inc. under programs of the federal government for the year ended June 30, 2026. 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 Creative Enterprises, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Creative Enterprises, Inc. The State of Georgia estimates the federal portion of the Department of Behavioral Health and Development Disabilities (“DBHDD”) Social Services Block Grant is 66%, and the federal portion of the Georgia Vocational Rehabilitation Agency (“GVRA”) Vocational Rehabilitation Grants to States is 79%; therefore, the schedule is prepared using these estimates.
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.
Creative Enterprises, Inc. did not elect to use the 15% de minimis indirect cost rates as allowed under the Uniform Guidance.
Creative Enterprises, Inc. did not provide any federal funds to subrecipients nor did it receive any federal noncash assistance, insurance, loans, or loan guarantees.