Notes to SEFA
Title: Fringe and indirect cost rates
Accounting Policies: Expenditures are recognized following the cost principles contained in Title 48 U.S. Code of Federal Regulations Part 31, Contract Cost Principles and Procedures, wherein certain types of expenditures are now allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate.
The Organization has elected not to use the 10% de minimis indirect cost rate allowed under the Uniform Guidance. The Organization has a negotiated facility & administrative (F&A) and fringe benefits rates with the government. The provisional rates billed for the year were 34.5% and 33.1%, respectively as set forth in the grant documents. The F&A and fringe cost amounts, as included in the Schedule, are in accordance with the rates in the grant budgets. Costs are allocated to grants based on the grant direct labor, materials & supplies, and travel.