Notes to SEFA
The accompanying schedule of federal awards (the "Schedule") includes the federal award activity of Outdoor Stewards of Conservation Foundation, Inc. under programs of the Federal government for the year ended December 31, 2024. The information in the 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
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, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
The Organization has elected to use the 10 percent de minimus indirect cost rate, as allowed under the Uniform Guidance for its R3 Marketing Communication Task Force grant. For its other grants under the same program, the Organization has voluntarily elected to charge indirect costs using the rates specified and approved in the respective grant agreements.
The Organization has not contracted or made awards to any subrecipients in the year ended December 31, 2024.