Notes to SEFA
Title: Significant accounting policies
Accounting Policies: The Schedule of Federal Awards is presented on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: The Organization has elected not to use the 10% de minimus indirect cost rate allowed under the Uniform Guidance.
The information on this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principle and Audit Requirements for Federal Awards. Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Expenditures reported on the Schedule are recognized consistent with specific compliance requirements for each program regarding allowable costs and, when applicable, the cost principles contained in the Uniform Guidance. Any matching expenditures from non-federal sources are not included in the Schedule. The Organization received COVID-19 pandemic related federal assistance to address the effects of managing the impact of the global pandemic. The related expenditures to this funding have been identified as (COVID-19) after the source of funds.