Notes to SEFA
The Agency has elected to not use the 15% de minimis indirect cost rate for its federal programs or state projects for the year ended December 31, 2025. The indirect cost rates used on the Agency's federal programs and state projects are determined by the relevant federal or state agency.
Amounts received or receivable from grantor agencies are subject to audit and adjustment by those agencies. Any disallowed claims, including amounts already received, might constitute a liability of the Agency for the return of those funds. In the opinion of management, all grant expenditures were in compliance with the terms of the grant agreements and applicable federal and state laws and regulations.
The Agency has elected to not use the 15% de minimis indirect cost rate for its federal programs or state projects for the year ended December 31, 2025. The indirect cost rates used on the Agency's federal programs and state projects are determined by the relevant federal or state agency.
The Agency passed through $21,523,928 in awards to subrecipients during the year ended December 31, 2025. The amounts are reflected in the statement of functional expenses as either service subcontractors or client subsidy payments.