Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal award activity of Boys and Girls Clubs of Appalachia, under programs of the federal government for the year ended June 30, 2025 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 Boys and Girls Clubs of Appalachia, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Boys and Girls Clubs of Appalachia.
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 allowed or are limited as to reimbursement. Boys and Girls Clubs of Appalachia has not elected to use the applicable 10 percent or 15 percent de minimus indirect cost rate as allowed under Uniform Guidance. *Such expenditures are recognized following, as applicable, either the cost principles in OMB Circular A-87 Cost Principles for State, Local and Indian Tribal Governments, or 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, wherein certain types of expenditures are not allowed or are limited as to reimbursement.