Notes to SEFA
Accounting Policies: The accompanying schedules of expenditures of federal awards include the federal award activity of the Alzheimer’s Association and affiliates and are presented on the accrual basis of accounting. The information in these schedules are 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 Uniform Guidance. Therefore, some amounts presented in these schedules may differ from amounts presented in or used in the preparation of the basic consolidated financial statements.
De Minimis Rate Used: N
Rate Explanation: The Alzheimer’s Association’s federally negotiated cost rate was changed to 26.0% for all new contracts beginning on or after October 1, 2021. The Association had been using its previous federally negotiated indirect cost rate of 23.6% since October 1, 2020.