Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported under U.S. GAAP. 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.
De Minimis Rate Used: N
Rate Explanation: The Society uses a provisional indirect cost rate approved by the federal award agency; therefore, the Society did not use the 10% de minimis indirect cost rate, which is allowed in accordance with the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Society under programs of the federal government for the year ended December 31, 2022. 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 (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the Society, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of the Society. Please refer to the notes on the actual report for table information.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported under U.S. GAAP. 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.
De Minimis Rate Used: N
Rate Explanation: The Society uses a provisional indirect cost rate approved by the federal award agency; therefore, the Society did not use the 10% de minimis indirect cost rate, which is allowed in accordance with the Uniform Guidance.
The Society did not provide federal awards to any subrecipients.