Title: 1
Accounting Policies: 1. Basis of Presentation and Use of Estimates
The accompanying schedule of expenditures of federal awards (the Schedule) includes
the federal award activity of The Open Technology Fund 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 Open Technology Fund, it is not intended
to and does not present the financial position, changes in net assets or cash flows of The
Open Technology Fund.
2. Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
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: The Open Technology Fund has elected not to use the ten percent de minimis indirect cost rate allowed by the Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the Schedule) includes
the federal award activity of The Open Technology Fund 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 Open Technology Fund, it is not intended
to and does not present the financial position, changes in net assets or cash flows of The
Open Technology Fund.
Title: 2
Accounting Policies: 1. Basis of Presentation and Use of Estimates
The accompanying schedule of expenditures of federal awards (the Schedule) includes
the federal award activity of The Open Technology Fund 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 Open Technology Fund, it is not intended
to and does not present the financial position, changes in net assets or cash flows of The
Open Technology Fund.
2. Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
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: The Open Technology Fund has elected not to use the ten percent de minimis indirect cost rate allowed by the Uniform Guidance.
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
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: 3
Accounting Policies: 1. Basis of Presentation and Use of Estimates
The accompanying schedule of expenditures of federal awards (the Schedule) includes
the federal award activity of The Open Technology Fund 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 Open Technology Fund, it is not intended
to and does not present the financial position, changes in net assets or cash flows of The
Open Technology Fund.
2. Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
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: The Open Technology Fund has elected not to use the ten percent de minimis indirect cost rate allowed by the Uniform Guidance.
The allowability of certain costs under government grants is subject to audit by the
awarding agency. Certain costs charged to grants are subject to revisions based on
government audits of those costs. Management believes that grant costs are consistent
with applicable government cost principles, and that costs subsequently disallowed, if
any, upon audit by the government would not be material.
Title: 4
Accounting Policies: 1. Basis of Presentation and Use of Estimates
The accompanying schedule of expenditures of federal awards (the Schedule) includes
the federal award activity of The Open Technology Fund 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 Open Technology Fund, it is not intended
to and does not present the financial position, changes in net assets or cash flows of The
Open Technology Fund.
2. Summary of Significant Accounting Policies
Expenditures reported on the Schedule are reported on the accrual basis of accounting.
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: The Open Technology Fund has elected not to use the ten percent de minimis indirect cost rate allowed by the Uniform Guidance.
The Open Technology Fund has elected not to use the ten percent de minimis indirect
cost rate allowed by the Uniform Guidance.