Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of North Carolina Community Schools Coalition, Inc., (NCCSC) under programs of the federal government 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 NCCSC, it is not intended to and does not present the financial position, changes in net assets or cash flows of NCCSC.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
NCCSC did not elect to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance and did not charge indirect costs to federal awards during the year ended December 31, 2025.
NCCSC did not pass-through federal funds to subrecipients during the fiscal year ended December 31, 2025.
See Disclosure 8 to the financial statements for a note regarding the discontinuation of Department of Education funding subsequent to year end.