Notes to SEFA
Title: Note 1. 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 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 schedule of general and administrative indirect rate calculation, schedule of program division home office program management indirect rate calculation, and schedule of subaward indirect rate calculation on pages 8 through 10, respectively, are prepared in accordance with the requirements of Uniform Guidance, and additional regulations issued by the United States Department of the Interior.TechnoServe negotiates and utilizes an indirect cost rate with the federal government and therefore does not use the 10% de minimus cost rate option under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the expenditures of TechnoServe, Inc. and Affiliates (TechnoServe) 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 selected portions of the operations of TechnoServe, it is not intended to and does not present the financial position, changes in net assets or cash flows of TechnoServe.Amounts to subrecipients shown separately in the Schedule are also a component of the federal expenditures selected.
Title: Note 4. Monetization
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles 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 schedule of general and administrative indirect rate calculation, schedule of program division home office program management indirect rate calculation, and schedule of subaward indirect rate calculation on pages 8 through 10, respectively, are prepared in accordance with the requirements of Uniform Guidance, and additional regulations issued by the United States Department of the Interior.TechnoServe negotiates and utilizes an indirect cost rate with the federal government and therefore does not use the 10% de minimus cost rate option under Uniform Guidance.
Under U.S. Public Law 480, Title II, the United States Department of Agriculture (USDA) has provided agricultural commodities to TechnoServe for the purpose of promoting food security and agricultural market development under the Food for Progress Program. During the year ended December 31, 2022, TechnoServe had six USDA Food for Progress awards active in the following countries: Benin, Ecuador, El Salvador, Guatemala, Nicaragua, Peru, Mozambique, Cote dlvoire, Ghana, Nigeria, Ethiopia, Burundi and Honduras. The commodities granted to TechnoServe are sold as received to local agro-processing firms or other local buyers. The proceeds from the sales of donated commodities are used to finance TechnoServes development activities in the above-mentioned countries. At December 31, 2022, TechnoServe had $42,187,353 of funds on hand from such activities.