Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of America’s Warrior Partnership, Inc.. (the “Organization”) for the year ended December 31, 2025 and is presented on the accrual basis of accounting. The information in the 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. Therefore, some amounts presented in the schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
The expenditures for each of the federal financial assistance programs are presented in the Schedule on the accounting basis as presented in the Organization’s financial statements. The Organization uses the full accrual basis. Such expenditures are recognized following 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 allowable or are limited as to reimbursement.
The Organization has elected to use the fifteen percent de minimis indirect cost rate for the year ended December 31, 2025.
The Organization did not receive non-cash federal awards during the year ended December 31, 2025.