Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of New Life Foster Family Agency 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 New Life Foster Family Agency, it is not intended to and does not present the financial position, changes in net assets, or cash flows of New Life Foster Family Agency.
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 and Cost Principles for Non-Profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. New Life Foster Family Agency has elected to use the 15 percent de minims indirect cost rate as allowed under the Uniform Guidance.