Notes to SEFA
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Collective Action 4 Youth 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 (CFR) 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 Extension Foundation, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Collective Action 4 Youth.
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.
Of the federal expenditures presented in the Schedule, Collective Action 4 Youth provided federal awards to subrecipients, as indicated on the Schedule.
The Organization has elected not to use the 10% minimis indirect cost allowed under the Uniform Guidance.
Federal grants received by the Organization are subject to review and audit by grantor agencies. Consequently, the Organization may become liable to refund money to funding agencies where it fails to comply with contractual provisions. In addition, the Organization may not fully collect federal grant receivables as of December 31, 2025, related to the reported federal grant expenditures as these receivables may be subject to the grantors’ compliance approval process. Management believes that the results of such reviews and audits will not have a material effect on the Schedule.