Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award 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 requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected protion 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 Organizaion.
The Organization reported $850,000 of expenditures to the U.S. Department of Housing and Urban Development (HUD) through the Disaster Recovery Grant Reporting (DRGR) system for the period January 1, 2025 through December 31, 2025. This amount included $332,000 of deposits paid as a contractual requirement for furniture that had not been received as of December 31, 2025. In accordance with Uniform Guidance, these deposits do not constitute federal award expenditures until the related goods are received. Since the furniture was received in February of 2026, the deposits have been excluded from the 2025 Schedule, resulting in total program expenditures of $518,000 for the year ended December 31, 2025.