Notes to SEFA
The accompanying schedule of expenditures of federal and state awards (the “Schedule”) includes the federal and state award activity of Everyone Cooperating to Help Others, Inc. under programs of the federal government and state agencies for the year ended December 31, 2025. 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 Everyone Cooperating to Help Others, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Everyone Cooperating to Help Others, Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance and the Allowable Cost Policy Manual, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Everyone Cooperating to Help Others, Inc. has elected not to use the de minimis indirect cost rate allowed under the Uniform Guidance
Everyone Cooperating to Help Others, Inc. has received federal loan programs listed below. The loans outstanding at the beginning of the year and current year draws are included in the federal expenditures presented in the Schedule. The balances of the loans outstanding at December 31, 2025 are $1,204,270.