Notes to SEFA
The accompanying Schedule of Expenditures of Federal Awards (“Schedule” or “SEFA”) includes the federal grant activity of the Organization and is presented on the accrual basis of accounting. 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). The capital outlays are reported in the Schedule. However, in the statement of activities, these outlays are capitalized, stated at cost at the date of the acquisition and are depreciated over the useful lives.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, except for the inclusion of expenditures for capitalized items, which is described in Note 1 of the financial statements.
The Organization has elected not to use the 15% of de minimis indirect cost rate allowed under the Uniform Guidance.
Revenues and expenses of the Federal Awards programs are included in the Organization financial statements. The reconciliation between the expenses in the financial statements and expenditures in the Schedule of Expenditures of Federal Awards is as follows: Federal Expenditures 2025 2024 Expenses in the financial statements $ 3,175,981 $2,799,817 Add: Capital expenditures 97,977 46,029 Less: Non-federal expenses (1,511,153) (1,181,486) Total federal expenditures as per SEFA $1,762,805 $1,664,360