Notes to SEFA
Accounting Policies: BASIS OF PRESENTATION The accompanying schedule of expenditures of federal awards includes the federal awards activity of Alliance for African Assistance under programs of the federal government for the year ended June 30, 2022. The information in this schedule of expenditures of federal awards is presented in accordance with the requirements of the Uniform Guidance for Federal Awards. Because the schedule presents only a selected portion of the operations of Alliance for African Assistance, it is not intended to, and does not, present the financial position, changes in net assets, or cashflows of Alliance for African Assistance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.