Notes to SEFA
Accounting Policies: Note 1. Basis of Presentation and Significant Accounting PoliciesThe schedule of expenditures of federal awards includes the federal grant activity of the Foundation andis presented on an accrual basis of accounting. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (UniformGuidance). Therefore, some amounts presented in this schedule may differ from amounts presented in,or used in the preparation of, the financial statements of the Foundation.Note 2. Indirect Cost RatesIndirect cost rates for the Foundation were based on applicable U.S. Department of Health and HumanServices negotiated rates or sponsor-specified (capped) rates. The Foundation did not use the 10%de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.