Notes to SEFA
Accounting Policies: Note 1 Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activityof PATH under programs of the federal government for the year ended December 31, 2022. The information inthis Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards (UniformGuidance). Because the Schedule presents only a selected portion of the operations of PATH, it is not intendedto and does not present the financial position, changes in net assets or cash flows of PATH.Note 2 Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures arerecognized following, as applicable, either the cost principles contained in the Uniform Guidance, whereincertain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown onthe Schedule represent adjustments or credits made in the normal course of business to amounts reported asexpenditures in prior years.Passthrough entity identifying numbers are presented where available.PATH has not elected to use the 10percent de minimis indirect cost rate as allowed under the UniformGuidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.