Notes to SEFA
The accompanying schedule of expenditures of federal awards and list of programs (the “Schedule”) includes the federal award activity of Step Forward under programs of the federal government for the year ended January 31, 2026. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Step Forward, it is not intended to and does not present the financial position, changes in net assets or cash flows of Step Forward.
Step Forward has an approved Indirect Cost Rate and therefore has not elected to use the 15-percent de minimis indirect cost rate as allowed under the Uniform Guidance.