Notes to SEFA
Title: RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO FINA
Accounting Policies: NOTE 1SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESBasis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Cary Institute of Ecosystem Studies, Inc., under programs of the federal government for the year ended June 30, 2022. The information in the 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Cary Institute of Ecosystem Studies, Inc., it is not intended to, and does not, present the financial position, changes in net assets, functional expense or cash flows of the Cary Institute of Ecosystem Studies, Inc.Basis of AccountingExpenditures reported on the Schedule are reported on the accrual basis of accounting. For cost-reimbursement awards, such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. For performance-based awards, expenditures reported represent amounts earned.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The following is a reconciliation of the total federal grants and contracts as reported in the Cary Institute of Ecosystem Studies, Inc.s financial statements to the federal expenditures reported in the schedule of expenditures of federal awards:Government grants and contracts reported in the financial statements$3,719,022Nonfederal government grants and contracts(451,288)Expenditures in the Schedule of Expenditures of Federal Awards$3,267,734