Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“ SEFA”) presents the activity of all federal financial awards programs received by Reinvestment Partners, Inc. (“the Organization”). All federal awards received directly from federal agencies, and federal awards passed through other government agencies, are included on the schedule.
The accompanying SEFA is presented on the accrual basis of accounting. Under these cost principles, certain types of expenditures are not allowable or are limited as to reimbursement. Expenditures also include a portion of costs associated with general activities of the Organization, which are allocated to awards under negotiated formulas commonly referred to as indirect cost rates. 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). Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the consolidated financial statements.
The Organization used the de minimis indirect cost rate of 15%.
During the year ended December 31, 2025, the Organization provided federal awards to subrecipients. The Organization maintains subrecipient monitoring policies and procedures designed to satisfy the requirements for pass-through entities under 2 CFR 200.332, including evaluating each subrecipient's risk of noncompliance, communicating required federal award information, monitoring the subrecipient's use of federal funds and its compliance with applicable requirements, and verifying that subrecipients expending $1,000,000 or more in federal awards are audited as required by Subpart F.