Notes to SEFA
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant and contract activity of the Institute 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 (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance). Since the Schedule presents only a selected portion of the operations of the Institute, it is not intended to, and it does not, present the financial position, changes in net assets, or cash flows of the Institute. Expenditures reported on the Schedule are on the accrual basis of accounting. Such expenditures are recognized following, as applicable, the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. The USAID - Foreign Assistance for Programs Overseas: Promoting Rule of Law in Georgia project ended in 2021. Some of the grantees associated with the project had unspent funds and returned them in 2022 after the grant closeout. This amount is reflected as (12,456) passed through to subrecipients in the Schedule.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.