Notes to SEFA
The accompanying schedule of expenditures of federal awards includes the federal grant activity of the Emergency Food and Shelter Program (“EFSP”) and is presented on the accrual basis of accounting. The determination of when an award is expended is based on when the activity related to the federal award occurs. EFSP does not use the 15% de minimis indirect cost rate; rather, the administrative allowance for EFSP is determined by statute. The maximum administrative allowance for the program is 3.5% for each fiscal year of funding and is shared at the national and local level of the program. Currently, 1% is used by the National Board and 2.5% is used at the local level by the boards and funded agencies. When legislation is silent on the administrative allowance, the EFSP National Board has approved 5% of the grant award as the administrative allowance. The information in this schedule 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. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in, the preparation of the basic financial statements.
The amount reported on the schedule of expenditures of federal awards consists of amounts disbursed to local recipient organizations in the amount of $5,396,852 plus administrative expenses of $2,768,097 for the year ended December 31 2025.