Title: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
Accounting Policies: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization 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 the Schedule presents only a selected portion of the operations of the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting and grant guidance (see Note
3). 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.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Indirect Cost Rate
The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization 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 the Schedule presents only a selected portion of the operations of the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting and grant guidance (see Note
3). 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 – Indirect Cost Rate
Accounting Policies: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization 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 the Schedule presents only a selected portion of the operations of the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting and grant guidance (see Note
3). 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.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Indirect Cost Rate
The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 2 – Indirect Cost Rate
The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Title: Note 3 – Calculations were as follows:
Accounting Policies: Note 1 – Basis of Presentation and Summary of Significant Accounting Policies
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of
the Organization 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 the Schedule presents only a selected portion of the operations of the Organization, it is not
intended to and does not present the financial position, changes in net assets, or cash flows of the Organization.
Expenditures reported on the Schedule are reported on the accrual basis of accounting and grant guidance (see Note
3). 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.
De Minimis Rate Used: N
Rate Explanation: Note 2 – Indirect Cost Rate
The Organization has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform
Guidance.
Note 3 – Calculations were as follows:
RLF Principal Outstanding $ 994,549
Cash in RLF 114,481
Administrative Expenses 33,665
1,142,695
Federal Share 100.00%
$ 1,142,695