Notes to SEFA
The accompanying schedule of expenditures of federal awards (the “Schedule”) presents the activity of all federal financial assistance programs of RISE Partnership 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 RISE Partnership, it is not intended to and does not present the financial position or changes in net assets of RISE Partnership.
The accompanying schedule of expenditures of federal awards of RISE Partnership is presented on the accrual basis of accounting. The information in this Schedule is presented in accordance with the requirements of the Uniform Guidance.
RISE Partnership has elected not to use the 15% de minimis indirect cost rate allowed under the Uniform Guidance.