Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis.
De Minimis Rate Used: N
Rate Explanation: The indirect cost rate billed by Energy Outreach Colorado for the year ended September 30, 2023 allowed under Uniform Guidance are between 0% and 9%.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award grant activity of Energy Outreach Colorado under programs of the federal government for the year ended September 30, 2023. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because this Schedule presents only a selected portion of the operations of Energy Outreach Colorado, it is not intended to and does not present the financial position, changes in net assets, or cash flows of Energy Outreach Colorado.
Title: Summary of Significant Accounting Policies
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis.
De Minimis Rate Used: N
Rate Explanation: The indirect cost rate billed by Energy Outreach Colorado for the year ended September 30, 2023 allowed under Uniform Guidance are between 0% and 9%.
Expenditures reported in the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
Title: Subrecipient Awards
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis.
De Minimis Rate Used: N
Rate Explanation: The indirect cost rate billed by Energy Outreach Colorado for the year ended September 30, 2023 allowed under Uniform Guidance are between 0% and 9%.
There were no awards passed through by Energy Outreach Colorado to subrecipients for the year ended September 30, 2023.