Title: Summary of Significant Accounting Policies
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) has been prepared from The Scripps Research Institutes (the Institute or Scripps Research) accounting records and is presented on the accrual basis of accounting.The information in the Schedule is presented in accordance with Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented or used in the preparation of the Institutes financial statements. Additionally, the Schedule presents only a selected portion of the activities of the Institute and it is not intended to, and does not, present either the financial position or changes in net assets of the Institute. The Institute elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The accompanying schedule of expenditures of federal awards (the “Schedule”) has been prepared from The Scripps Research Institute’s (the “Institute” or ”Scripps Research”) accounting records and is presented on the accrual basis of accounting. The information in the Schedule is presented in accordance with Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”). Therefore, some amounts presented in the Schedule may differ from amounts presented or used in the preparation of the Institute’s financial statements. Additionally, the Schedule presents only a selected portion of the activities of the Institute, and it is not intended to, and does not, present either the financial position or changes in net assets of the Institute. The Institute elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
Title: Subrecipients
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) has been prepared from The Scripps Research Institutes (the Institute or Scripps Research) accounting records and is presented on the accrual basis of accounting.The information in the Schedule is presented in accordance with Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented or used in the preparation of the Institutes financial statements. Additionally, the Schedule presents only a selected portion of the activities of the Institute and it is not intended to, and does not, present either the financial position or changes in net assets of the Institute. The Institute elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Of the federal expenditures presented in the accompanying Schedule, Scripps Research provided federal awards to subrecipients totaling $74.3 million. This amount does not include estimated subrecipient expenses of $22.9 million, which are included in accounts payable and accrued expenses at September 30, 2023, for which invoices have not yet been received.
Title: Calibr
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) has been prepared from The Scripps Research Institutes (the Institute or Scripps Research) accounting records and is presented on the accrual basis of accounting.The information in the Schedule is presented in accordance with Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented or used in the preparation of the Institutes financial statements. Additionally, the Schedule presents only a selected portion of the activities of the Institute and it is not intended to, and does not, present either the financial position or changes in net assets of the Institute. The Institute elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Scripps Research receives federal awards from the National Institutes of Health (an agency of the Department of Health and Human Services) and Department of Defense, a portion of which are passed through between the California and CALIBR divisions for work performed at these locations. The portion passed through is presented in the accompanying Schedule as “The Scripps Research Institute—CA” and “The Scripps Research Institute – CALIBR” and is not included in the amount of grants passed through to subrecipients outlined above.
Title: Credit Balances
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) has been prepared from The Scripps Research Institutes (the Institute or Scripps Research) accounting records and is presented on the accrual basis of accounting.The information in the Schedule is presented in accordance with Title 2 US Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in the Schedule may differ from amounts presented or used in the preparation of the Institutes financial statements. Additionally, the Schedule presents only a selected portion of the activities of the Institute and it is not intended to, and does not, present either the financial position or changes in net assets of the Institute. The Institute elected not to use the 10 percent de minimis indirect cost rate as allowed under the Uniform Guidance.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The credit balances in the Schedule relate to funds that were expended in prior years and reversed in fiscal year 2023.