The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the grant activity of the Organization under programs of the federal and state governments 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”). 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.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) includes the grant activity of the Organization under programs of the federal and state governments 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”). 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.
The amounts reflected in the financial reports submitted to the awarding federal and/or pass-through agencies and the SEFA for the year end may differ. Some of the factors that may account for any differences include the following:
● The Organization’s fiscal year end may differ from the program’s year end.
● Accruals recognized in the SEFA, because of year end procedures, may not be reported in the program financial reports until the next program reporting period.
● Fixed assets purchased and the resultant depreciation charges are recognized as fixed assets in the Organization’s financial statements and as expenditures in the program financial reports.
The Organization is also the sub-recipient of federal funds that have been subjected to testing and are reported as expenditures and listed as federal pass-through funds. Federal awards other than those indicated as pass-through are considered direct.
This SEFA was prepared on the accrual basis of accounting.
The Organization did not receive any federal noncash assistance for the year ending December 31, 2025.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.