Notes to SEFA
Title: GENERAL INFORMATION
Accounting Policies: The accompanying consolidated schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. The amounts reported in this consolidated schedule as expenditures may differ from certain financial reports submitted to federal or state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying consolidated schedule of expenditures of federal and state awards presents the activities in all the federal and state awards of the Organization. All federal and state awards received directly from federal agencies as well as awards passed through other governmental agencies or not-for-profit organizations are included in this schedule. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 22, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). The schedule presents only a selected portion of the operations of the Organization. It is not intended to and does not present the consolidated financial position, changes in net assets or cash flows of the Organization.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying consolidated schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. The amounts reported in this consolidated schedule as expenditures may differ from certain financial reports submitted to federal or state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying consolidated schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. The amounts reported in this consolidated schedule as expenditures may differ from certain financial reports submitted to federal or state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
Title: RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: The accompanying consolidated schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. The amounts reported in this consolidated schedule as expenditures may differ from certain financial reports submitted to federal or state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
Federal and state expenditures are reported on the consolidated statement of activities. In certain programs, the expenditures reported in the basic consolidated financial statements may differ from the expenditures reported in the consolidated schedule of expenditures of federal and state awards because not all expenditures are required to be reported on the consolidated schedule of expenditures of federal and state awards.
Title: INDIRECT COST RATE
Accounting Policies: The accompanying consolidated schedule of expenditures of federal and state awards is presented using the accrual basis of accounting. The amounts reported in this consolidated schedule as expenditures may differ from certain financial reports submitted to federal or state funding agencies due to those reports being submitted on either a cash or modified accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.