Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
The accompanying schedule of expenditures of Federal awards (the Schedule) includes the federal
Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
grant activity of Advanced Functional Fabrics of America, Inc. (the Organization) under programs of
Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
federal government for the year ended June 30, 2023. The information in this Schedule is presented
Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part
Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal
Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
Awards (Uniform Guidance). Because Schedule presents only a selected portion of the Organization’s
Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
operations, it is not inten d does
Title: Note 1. Basis of Presentation
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
not present the financial position, changes in net assets, or cash flows of the Organization.
Title: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
(1) Expenditures 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: Note 2. Summary of Significant Accounting Policies
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
(2) Pass-through entity identifying numbers are presented where available.
Title: Note 3. Indirect Cost Rate
Accounting Policies: Note 2. Summary of Significant Accounting Policies: (1) Expenditures 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. (2) Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: Used Rate Assigned
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance.