Title: GENERAL INFORMATION
Accounting Policies: 1) All financial awards received directly from federal agencies as well as federal financial awards passed through other governmental agencies are included on the schedule. 2) The accompanying Schedule of Federal Awards is presented using the accrual basis of accounting. 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.” The amounts reported in this schedule as expenditures may differ from certain financial reports submitted on either a cash or modified accrual basis of accounting. 3) All programs have recognized revenue only to the extent of their contractual funding limitations. Expenditures exceeding grant or contract budget limitations are funded from other sources. Those expenditures, if any, are not included in these schedules.
De Minimis Rate Used: N
Rate Explanation: Nationalities Service Center has a negotiated indirect cost rate and did not elect to use the de minimis cost rate.
The accompanying schedule of expenditures of federal and local awards presents the activities in all federal awards programs of the Center. All financial awards received directly from federal agencies as well as federal financial awards passed through other governmental agencies are included on the schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: 1) All financial awards received directly from federal agencies as well as federal financial awards passed through other governmental agencies are included on the schedule. 2) The accompanying Schedule of Federal Awards is presented using the accrual basis of accounting. 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.” The amounts reported in this schedule as expenditures may differ from certain financial reports submitted on either a cash or modified accrual basis of accounting. 3) All programs have recognized revenue only to the extent of their contractual funding limitations. Expenditures exceeding grant or contract budget limitations are funded from other sources. Those expenditures, if any, are not included in these schedules.
De Minimis Rate Used: N
Rate Explanation: Nationalities Service Center has a negotiated indirect cost rate and did not elect to use the de minimis cost rate.
The accompanying Schedule of Federal Awards is presented using the accrual basis of accounting. 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.” The amounts reported in this schedule as expenditures may differ from certain financial reports submitted on either a cash or modified accrual basis of accounting.
Title: REVENUE RECOGNITION
Accounting Policies: 1) All financial awards received directly from federal agencies as well as federal financial awards passed through other governmental agencies are included on the schedule. 2) The accompanying Schedule of Federal Awards is presented using the accrual basis of accounting. 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.” The amounts reported in this schedule as expenditures may differ from certain financial reports submitted on either a cash or modified accrual basis of accounting. 3) All programs have recognized revenue only to the extent of their contractual funding limitations. Expenditures exceeding grant or contract budget limitations are funded from other sources. Those expenditures, if any, are not included in these schedules.
De Minimis Rate Used: N
Rate Explanation: Nationalities Service Center has a negotiated indirect cost rate and did not elect to use the de minimis cost rate.
All programs have recognized revenue only to the extent of their contractual funding limitations. Expenditures exceeding grant or contract budget limitations are funded from other sources. Those expenditures, if any, are not included in these schedules.
Title: INDIRECT COST RATE
Accounting Policies: 1) All financial awards received directly from federal agencies as well as federal financial awards passed through other governmental agencies are included on the schedule. 2) The accompanying Schedule of Federal Awards is presented using the accrual basis of accounting. 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.” The amounts reported in this schedule as expenditures may differ from certain financial reports submitted on either a cash or modified accrual basis of accounting. 3) All programs have recognized revenue only to the extent of their contractual funding limitations. Expenditures exceeding grant or contract budget limitations are funded from other sources. Those expenditures, if any, are not included in these schedules.
De Minimis Rate Used: N
Rate Explanation: Nationalities Service Center has a negotiated indirect cost rate and did not elect to use the de minimis cost rate.
The Center has a negotiated indirect cost rate; as such, the Center did not elect to use the 10% de minimis indirect cost rate.
Title: RECONCILIATION TO THE FINANCIAL STATEMENTS
Accounting Policies: 1) All financial awards received directly from federal agencies as well as federal financial awards passed through other governmental agencies are included on the schedule. 2) The accompanying Schedule of Federal Awards is presented using the accrual basis of accounting. 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.” The amounts reported in this schedule as expenditures may differ from certain financial reports submitted on either a cash or modified accrual basis of accounting. 3) All programs have recognized revenue only to the extent of their contractual funding limitations. Expenditures exceeding grant or contract budget limitations are funded from other sources. Those expenditures, if any, are not included in these schedules.
De Minimis Rate Used: N
Rate Explanation: Nationalities Service Center has a negotiated indirect cost rate and did not elect to use the de minimis cost rate.
See the Notes to the SEFA for chart/table