Notes to SEFA
The accompanying Schedules include all federal and state grants to the Center that had activity during the year ended December 31, 2025. Amounts received from governmental entities under vendor relationships have been excluded from the Schedules. The Schedules have been prepared on the accrual basis of accounting.
Various reimbursement procedures are used for federal and state awards received by the Center. Consequently, timing differences between expenditures and program reimbursements can exist at the beginning and end of the year. Accrued balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Deferred balances at year-end represent an excess of reimbursable expenditures over cash receipts to date. Generally, accrued or deferred balances caused by differences in the timing of cash receipts and expenditures will be reversed in the remaining grant period.
All federal and state financial assistance programs are subject to review and audit by the grantor agencies. Such audits could lead to requests for reimbursements by the grantor agencies for costs disallowed under the terms of the programs. It is the opinion of management that all costs charged against those federal and state programs are allowable under the regulations of these programs.
All fiscal agent services transactions are excluded from the Schedules, as the Center processes these transactions in an agent capacity.
The Center did not receive any federal non-cash assistance, federal loans or federal insurance for the year ended December 31, 2025.
The Center did not provide federal awards to subrecipients during the year ended December 31, 2025.