The accompanying schedule of expenditures of federal awards includes the federal award activity of the Voluntary Action Center, Inc. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements.
Expenditures are reported on the accrual basis of accounting. Such expenditures are recognized following, the cost principles contained in Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), wherein certain types of expenditures are not allowed or are limited as to reimbursement. The Organization did not elect to use the de minimis indirect cost rate allowed under Uniform Guidance.
The Organization directly administered all federal and state funding during the year ended December 31, 2025, and therefore, passed no funding through to subrecipient entities.
During the year ended December 31, 2025, the Organization was notified by the City of Columbia, Missouri that $188,163 previously reported under the Coronavirus State and Local Fiscal Recovery Funds program (Assistance Listing 21.027) on the Organization’s Schedule of Expenditures of Federal Awards for the year ended December 31, 2024 should not have been reported as federal expenditures because the City had reported the related funding under the revenue loss provisions of the program. Accordingly, a negative adjustment of $188,163 has been included in the accompanying Schedule of Expenditures of Federal Awards to correct the amount previously reported.
Subsequent to the original issuance of the Schedule of Expenditures of Federal Awards, the Organization received written confirmation from the City of Columbia on August 31, 2026, that payments made to the Organization during the year ended December 31, 2025 under the City’s ARPA/SLFRF award were revenue replacement funded payments and were not federal funds passed through to the Organization for Schedule of Expenditures of Federal Awards reporting purposes. Accordingly, the Schedule of Expenditures of Federal Awards was revised to remove $2,945,170 of expenditures previously reported under ALN 21.027, Coronavirus State and Local Fiscal Recovery Funds, related to the City of Columbia funding. The auditor’s report is dated August 25, 2026, except for the revision described in Note E to the Schedule of Expenditures of Federal Awards, as to which the date is August 31, 2026.