Notes to SEFA
Title: 3.Classified Contracts
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of SRI International (SRI) under programs of the federal government for the year ended December 30, 2022. For purposes of this Schedule, SRI has determined Other Transaction Agreements do not meet the criteria to include on the Schedule. SRI uses a fiscal year that ends on the last Friday in December. The fiscal year ended December 30, 2022 included 53 weeks of operations. 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 (the Uniform Guidance). The purpose of the Schedule is to present a summary of those activities of SRI for the year ended December 30, 2022 which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between SRI and the federal government or federal subrecipient. Expenditures reported on the Schedule are reported on the accrual basis of accounting and unlike prior years, do not represent the revenue earned on the awards. Expenditures are recognized following the cost principles contained in Title 48 U.S. Code of Federal Regulations Federal Acquisition Regulations System and the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Because the Schedule presents only a selected portion of the operations of SRI, it is not intended to and does not present the financial position, changes in net assets, or the cash flows of SRI. Assistant listing and pass-through numbers have been included when available. Negative amounts represent adjustment to amounts reported in prior years in the normal course of business.
De Minimis Rate Used: N
Rate Explanation: SRI International applies its negotiated indirect rates when charging indirect costs to federal awardsrather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.Indirect costs included in this Schedule have been calculated using the lesser of allowable ceiling rates oranticipated final rates. Therefore, the amounts presented in this Schedule include direct expensecharges and indirect costs at anticipated final rates.
During the year ended December 30, 2022, SRI expended $29,451,475 of funds under classified contracts that are designated as Client Private or Do Not Publish ("DNP") on the Schedule. These contracts have national security interests and therefore, have not been identified by the underlying federal agency name.
Title: 4.Assistance Listing Number Update
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of SRI International (SRI) under programs of the federal government for the year ended December 30, 2022. For purposes of this Schedule, SRI has determined Other Transaction Agreements do not meet the criteria to include on the Schedule. SRI uses a fiscal year that ends on the last Friday in December. The fiscal year ended December 30, 2022 included 53 weeks of operations. 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 (the Uniform Guidance). The purpose of the Schedule is to present a summary of those activities of SRI for the year ended December 30, 2022 which have been financed by the U.S. Government. For purposes of the Schedule, federal awards include all federal assistance entered into directly and indirectly between SRI and the federal government or federal subrecipient. Expenditures reported on the Schedule are reported on the accrual basis of accounting and unlike prior years, do not represent the revenue earned on the awards. Expenditures are recognized following the cost principles contained in Title 48 U.S. Code of Federal Regulations Federal Acquisition Regulations System and the Uniform Guidance, as applicable, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Because the Schedule presents only a selected portion of the operations of SRI, it is not intended to and does not present the financial position, changes in net assets, or the cash flows of SRI. Assistant listing and pass-through numbers have been included when available. Negative amounts represent adjustment to amounts reported in prior years in the normal course of business.
De Minimis Rate Used: N
Rate Explanation: SRI International applies its negotiated indirect rates when charging indirect costs to federal awardsrather than the 10% de minimis cost rate as described in Section 200.414 of the Uniform Guidance.Indirect costs included in this Schedule have been calculated using the lesser of allowable ceiling rates oranticipated final rates. Therefore, the amounts presented in this Schedule include direct expensecharges and indirect costs at anticipated final rates.
SRI made updates to the Assistance Listing Numbers (ALN) for certain government contracts in the Schedule. When ALN is not available, we added U with a sequential number at the end for each contract to help clarify grouping of contracts, instead of assigning just numbers as SRI did in prior years.