Notes to SEFA
The accompanying schedule of expenditures of federal awards (the schedule) includes the federal grant activity of FRIENDS OF YATES under programs of the federal government for the year ended December 31, 2024. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of the Federal Regulations Part 200, Uniform Administrative Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operation of FRIENDS OF YATES, INC. it is not intended to, and does not, present the financial position, changes in net assets, and cash flows of FRIENDS OF YATES, INC. The Organization does not use a de minimis cost rate.
Expenditures reported in the Schedule of Expenditures of Federal Awards are reported based upon generally accepted accounting principles of the United States.
THE SUBRECIPIENT OF FRIENDS OF YATES, INC FOR ANY OF THE GOVERNMENT FUNDS RECEIVED IS LISTED BELOW: SMITH AND SMITH ASSOCIATES $30,000 CONSULTANT.