Notes to SEFA
Accounting Policies: NOTE 1 – GENERAL
The accompanying schedule of expenditures of Federal Awards (the Schedule) presents the activity of all
federal award programs of Anderson Interfaith Ministries, Inc. for the year ended June 30, 2023.
Expenditures for federal financial assistance awarded directly from the federal agencies, as well as those
passed through other government agencies, are included on the schedule
NOTE 2 – BASIS OF ACCOUNTING
The accompanying Schedule is presented using the accrual basis of accounting, which is described in the
notes to Anderson Interfaith Ministries, Inc. financial statements.
NOTE 3 – INDIRECT COST RATE
Anderson Interfaith Ministries, Inc. has elected not to use the 10-percent de minimis indirect cost rate
allowed under the Uniform Guidance.
De Minimis Rate Used: Y
Rate Explanation: n/a