Notes to SEFA
Title: NOTE 1—BASIS OF PRESENTATION AND ACCOUNTING
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes expenditures related to the direct and indirect federal grants of the Organization and is presented on the accrual basis of accounting. The information is presented in accordance with the requirements of the Uniform Guidance. Federal award expenditures are reported on the statement of activities and change in net assets as program services. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The accompanying Schedule of Expenditures of Federal Awards includes expenditures related to the direct and indirect federal grants of the Organization and is presented on the accrual basis of accounting. The information is presented in accordance with the requirements of the Uniform Guidance.
Title: NOTE 2— RELATIONSHIP TO BASIC FINANCIAL STATEMENTS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes expenditures related to the direct and indirect federal grants of the Organization and is presented on the accrual basis of accounting. The information is presented in accordance with the requirements of the Uniform Guidance. Federal award expenditures are reported on the statement of activities and change in net assets as program services. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal award expenditures are reported on the statement of activities and change in net assets as program services. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
Title: NOTE 3—FEDERAL INDIRECT RATE
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes expenditures related to the direct and indirect federal grants of the Organization and is presented on the accrual basis of accounting. The information is presented in accordance with the requirements of the Uniform Guidance. Federal award expenditures are reported on the statement of activities and change in net assets as program services. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Title: NOTE 4—AWARDS EXPENDED IN PRIOR YEARS
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards includes expenditures related to the direct and indirect federal grants of the Organization and is presented on the accrual basis of accounting. The information is presented in accordance with the requirements of the Uniform Guidance. Federal award expenditures are reported on the statement of activities and change in net assets as program services. Some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization has not elected to use the 10-percent de minimis indirect cost rate allowed under the Uniform Guidance.
Federal award expenditures for amounts incurred in prior years totaled $1,013,511.