Title: Note 1. Basis of Presentation
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of ACTIVATE GLOBAL, INC. under programs of the federal government for the year ended June 30, 2023 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of ACTIVATE GLOBAL, INC. it is not intended to and does not present the financial position, change in net assets or cash flows of ACTIVATE GLOBAL, INC.
De Minimis Rate Used: N
Rate Explanation: ACTIVATE GLOBAL, INC. did not elect to use the 10% de minims indirect cost rate allowed under the Uniform Guidance, and used a negotiated rate.
The accompanying schedule of expenditures of federal awards includes the federal award activity of ACTIVATE GLOBAL, INC. under programs of the federal government for the year ended June 30, 2023 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of ACTIVATE GLOBAL, INC. it is not intended to and does not present the financial position, change in net assets or cash flows of ACTIVATE GLOBAL, INC.
Title: Note 2. Program Cost
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of ACTIVATE GLOBAL, INC. under programs of the federal government for the year ended June 30, 2023 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of ACTIVATE GLOBAL, INC. it is not intended to and does not present the financial position, change in net assets or cash flows of ACTIVATE GLOBAL, INC.
De Minimis Rate Used: N
Rate Explanation: ACTIVATE GLOBAL, INC. did not elect to use the 10% de minims indirect cost rate allowed under the Uniform Guidance, and used a negotiated rate.
The amounts shown as current year expenses represent only the federal grant portion of the program costs. Entire program costs, including spending from other contributions, are more than shown.
Title: Note 3. Indirect Cost Rate
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal award activity of ACTIVATE GLOBAL, INC. under programs of the federal government for the year ended June 30, 2023 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 Requirement, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the schedule of expenditures of federal awards presents only a selected portion of the operations of ACTIVATE GLOBAL, INC. it is not intended to and does not present the financial position, change in net assets or cash flows of ACTIVATE GLOBAL, INC.
De Minimis Rate Used: N
Rate Explanation: ACTIVATE GLOBAL, INC. did not elect to use the 10% de minims indirect cost rate allowed under the Uniform Guidance, and used a negotiated rate.
ACTIVATE GLOBAL, INC. did not elect to use the 10% de minims indirect cost rate allowed under the Uniform Guidance, and used a negotiated rate.