Notes to SEFA
Title: Subrecipients
Accounting Policies: This summary of significant accounting policies of Project Vida is presented to assist in understanding Project Vida's Schedule of Expenditures of Federal Awards. The Schedule and notes are representations of Project Vida's management, who is responsible for their integrity and objectivity. Basis of Accounting and Presentation The Schedule of Expenditures of Federal Awards is prepared using the accrual basis of accounting. The information in this schedule is presented in accordance with the Uniform Guidance; therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements.
De Minimis Rate Used: Y
Rate Explanation: Project Vida has elected to use of the de minimis rate of 10% of modified total direct cost as an indirect cost allocation factor, as allowed under 2C.F.R. ?200.414.
There were no subrecipients of the Federal and State Awards received by Project Vida for the year ended August 31, 2022.