Title: Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Santa Clara University and affiliate (the University) and is presented on 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 (Uniform Guidance), for Audits of States, Local Governments, and Nonprofit Organizations.
De Minimis Rate Used: N
Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Facilities and administrative costs allocated to awards for the year ended June 30, 2023 were based on predetermined fixed rates up to 37% negotiated with the University’s cognizant federal agency, the U.S. Department of Health and Human Services and are included as a component of the expenditures in the Schedule.
The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Santa Clara University and affiliate (the University) and is presented on 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 (Uniform Guidance), for Audits of States, Local Governments, and Nonprofit Organizations.
Title: Student Financial Assistance Expenditures
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Santa Clara University and affiliate (the University) and is presented on 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 (Uniform Guidance), for Audits of States, Local Governments, and Nonprofit Organizations.
De Minimis Rate Used: N
Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Facilities and administrative costs allocated to awards for the year ended June 30, 2023 were based on predetermined fixed rates up to 37% negotiated with the University’s cognizant federal agency, the U.S. Department of Health and Human Services and are included as a component of the expenditures in the Schedule.
Student financial assistance program expenditures include payments to students and each program’s administrative allowance and exclude amounts representing cost sharing or matching. Administrative allowances totaling $104,853 were claimed in the current year.
Title: Federal Student Loan Programs
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Santa Clara University and affiliate (the University) and is presented on 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 (Uniform Guidance), for Audits of States, Local Governments, and Nonprofit Organizations.
De Minimis Rate Used: N
Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Facilities and administrative costs allocated to awards for the year ended June 30, 2023 were based on predetermined fixed rates up to 37% negotiated with the University’s cognizant federal agency, the U.S. Department of Health and Human Services and are included as a component of the expenditures in the Schedule.
The University had the following loan balances outstanding as of June 30, 2023. There were no Federal Perkins Loans expended during the year ended June 30, 2023. Federal Perkins Loan Program $ 1,698,991
Title: Indirect Cost Rates
Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Santa Clara University and affiliate (the University) and is presented on 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 (Uniform Guidance), for Audits of States, Local Governments, and Nonprofit Organizations.
De Minimis Rate Used: N
Rate Explanation: The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Facilities and administrative costs allocated to awards for the year ended June 30, 2023 were based on predetermined fixed rates up to 37% negotiated with the University’s cognizant federal agency, the U.S. Department of Health and Human Services and are included as a component of the expenditures in the Schedule.
The University has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. Facilities and administrative costs allocated to awards for the year ended June 30, 2023 were based on predetermined fixed rates up to 37% negotiated with the University’s cognizant federal agency, the U.S. Department of Health and Human Services and are included as a component of the expenditures in the Schedule.