Notes to SEFA
The above schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Fresno Area Hispanic Foundation 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 portion of the operation of Fresno Area Hispanic Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Fresno Area Hispanic Foundation.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The Organization did not elect to use the 15% de minimis cost rate for indirect costs.
Balances of loans and loan guarantee programs outstanding as of December 31, 2025 for loans described in 2 CFR section 200.502(b) are as follows: See the Notes to the SEFA for table
Federal expenditures for the Economic Adjustment Assistance – Revolving Loan Fund (11.307) were calculated in accordance with the U.S. Office of Management and Budget’s 2024 Compliance Supplement, as follows: See the Notes to the SEFA for table
Fresno Area Hispanic Foundation did not have any subrecipients.