Notes to SEFA
The accompanying schedules of expenditures of federal awards and state financial assistance (the "Schedules") include the federal and state award activity of Acenda, Inc. and Subsidiaries, Inc. and Subsidiaries for the year ended December 31, 2025. The information in these Schedules 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) and State of New Jersey Circular 25-12-OMB, Single Audit Policy for Recipients of Federal Grants, State Grants, and State Aid. Because the Schedules present only a selected portion of the operations of Acenda, Inc. and Subsidiaries, Inc. and Subsidiaries it is not intended to and does not present the financial position, changes in net assets, or cash flows of Acenda, Inc. and Subsidiaries, Inc. and Subsidiaries.
The Organization has elected to use the 15-percent de minimis indirect cost rate allowed under Uniform Guidance unless the contract specifies a different rate.
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.