Notes to SEFA
Title: U.S. Government Contract Audits
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of Analytic Services Inc. and Subsidiaries (the Company) under programs of the federalgovernment for the year ended September 30, 2022. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the UniformGuidance). Because the Schedule presents only a selected portion of the operations of the Company, it isnot intended to and does not present the financial position, changes in net assets or cash flows of theCompany. Expenditures reported on the Schedule are reported on the accrual basis of accounting and are includedwithin revenue in the consolidated statement of activities. Such expenditures are recognized following thecost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowableor are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Costs charged to federal awards are subject to audits by government auditors. An audit of these costs has not been completed for the year ended September 30, 2022. The Company is of the opinion that any adjustments of costs for the year ended September 30, 2022 will not have a significant effect on its federal awards.
Title: Total Expenditures of Federal Awards of Subsidiaries
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal awardactivity of Analytic Services Inc. and Subsidiaries (the Company) under programs of the federalgovernment for the year ended September 30, 2022. The information in this schedule is presented inaccordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the UniformGuidance). Because the Schedule presents only a selected portion of the operations of the Company, it isnot intended to and does not present the financial position, changes in net assets or cash flows of theCompany. Expenditures reported on the Schedule are reported on the accrual basis of accounting and are includedwithin revenue in the consolidated statement of activities. Such expenditures are recognized following thecost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowableor are limited as to reimbursement.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
Total expenditures per the Schedule include expenditures of the Company and its subsidiaries, with the exception of federal awards for Advanced Technology International (ATI), which is one of the Companys subsidiaries. Total expenditures of federal awards of $4,481,089,827 for ATI are included in a stand-alone schedule of expenditures of federal awards that is issued in a separate report in accordance with theUniform Guidance.