Title: A. Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “SEFA”) includes the
federal award activity of World Neighbors, Inc. (“WN”) under programs of the United States
of America (“U.S.”) federal government for the year ended June 30, 2023. The information in
the SEFA 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 SEFA presents only a
selected portion of the operations of WN, it is not intended to and does not present the financial
position, changes in net assets or cash flows of WN. Expenditures under the United States Agency for International Development’s cooperative
agreements are reported on the SEFA on the accrual basis of accounting, consistent with WN’s
basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The amounts expended include an indirect cost recovery using the de minimis rate of 10% of
modified total direct costs.
The accompanying Schedule of Expenditures of Federal Awards (the “SEFA”) includes the
federal award activity of World Neighbors, Inc. (“WN”) under programs of the United States
of America (“U.S.”) federal government for the year ended June 30, 2023. The information in
the SEFA 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 SEFA presents only a
selected portion of the operations of WN, it is not intended to and does not present the financial
position, changes in net assets or cash flows of WN.
Title: B. Basis of Accounting
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “SEFA”) includes the
federal award activity of World Neighbors, Inc. (“WN”) under programs of the United States
of America (“U.S.”) federal government for the year ended June 30, 2023. The information in
the SEFA 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 SEFA presents only a
selected portion of the operations of WN, it is not intended to and does not present the financial
position, changes in net assets or cash flows of WN. Expenditures under the United States Agency for International Development’s cooperative
agreements are reported on the SEFA on the accrual basis of accounting, consistent with WN’s
basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The amounts expended include an indirect cost recovery using the de minimis rate of 10% of
modified total direct costs.
Expenditures under the United States Agency for International Development’s cooperative
agreements are reported on the SEFA on the accrual basis of accounting, consistent with WN’s
basic financial statements.
Title: C. Program Costs
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “SEFA”) includes the
federal award activity of World Neighbors, Inc. (“WN”) under programs of the United States
of America (“U.S.”) federal government for the year ended June 30, 2023. The information in
the SEFA 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 SEFA presents only a
selected portion of the operations of WN, it is not intended to and does not present the financial
position, changes in net assets or cash flows of WN. Expenditures under the United States Agency for International Development’s cooperative
agreements are reported on the SEFA on the accrual basis of accounting, consistent with WN’s
basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The amounts expended include an indirect cost recovery using the de minimis rate of 10% of
modified total direct costs.
The amounts shown as current year expenditures represent only the federal grant portion of
WN’s program costs. Total program costs, including WN’s portion, are more than shown.
Title: D. Indirect Cost Rate
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the “SEFA”) includes the
federal award activity of World Neighbors, Inc. (“WN”) under programs of the United States
of America (“U.S.”) federal government for the year ended June 30, 2023. The information in
the SEFA 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 SEFA presents only a
selected portion of the operations of WN, it is not intended to and does not present the financial
position, changes in net assets or cash flows of WN. Expenditures under the United States Agency for International Development’s cooperative
agreements are reported on the SEFA on the accrual basis of accounting, consistent with WN’s
basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: The amounts expended include an indirect cost recovery using the de minimis rate of 10% of
modified total direct costs.
The amounts expended include an indirect cost recovery using the de minimis rate of 10% of Cooperative Agreement
Identification Number Amount
modified total direct costs. Indirect cost recovery amounts for the year ended June 30, 2023
were: 720BHA22GR00140 $ 57,261
720BHA22GR00106 17,312