Notes to SEFA
Title: Note B
Accounting Policies: NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Basis of Accounting - The accompanying schedule of expenditures of federal awards is presented on the accrual basis of accounting. Consequently, amounts are recorded as expenditures when the obligations are incurred. Expenses are incurred using the cost accounting principles contained in Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Under those cost principles, certain types of expenses are not allowable or are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: NOTE C - INDIRECT COST - NCMEC has not elected to use the 10% de minimus cost rate allowed under the Uniform Guidance.
NOTE B - RECONCILIATION OF SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS TO FINANCIAL STATEMENTS - See the Notes to the SEFA for chart/table.