Notes to SEFA
Title: Basis of presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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: Anera negotiates and utilizes an indirect cost rate with the federal government and therefore does not use the 10% de minimis cost rate option.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of American Near East Refugee Aid (Anera) under programs of the federal government for the year ended May 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 Anera, it is not intended to and does not present the financial position, change in net assets or cash flows of Aenra.
Title: Matching requirement
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. 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: Anera negotiates and utilizes an indirect cost rate with the federal government and therefore does not use the 10% de minimis cost rate option.
During the year ended May 31, 2022, Anera distributed non-financial contributed medicines to beneficiaries in the amount of $1,070,078 as required by the Department of State (DOS) grant SPRMCO21CA3246.