Notes to SEFA
Title: General
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting that is described in Note 2 to the financial statements. Ramsbottom Center, Inc. did not use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The organization did not use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards presents the activity of all federal award programs of Ramsbottom Center, Inc. Federal awards received directly from federal agencies, as well as federal awards passed through government agencies, are included on the schedule.
Title: BASIS OF ACCOUNTING
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting that is described in Note 2 to the financial statements. Ramsbottom Center, Inc. did not use the 10% de minimis indirect cost rate.
De Minimis Rate Used: N
Rate Explanation: The organization did not use the 10% de minimis indirect cost rate.
The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting that is described in Note 2 to the financial statements. Ramsbottom Center, Inc. did not use the 10% de minimis indirect cost rate.