Title: Significant Accounting Policies
Accounting Policies: Reporting Entity:The reporting entity includes all University of Northern Iowa departments and other entities
included in the University's Annual Comprehensive Financial Report, except for the University
of Northern Iowa Foundation which is a discretely presented component unit. Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal
award activity of the University of Northern Iowa under programs of the federal government for
the year ended June 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). Programs listed in the Assistance Listing (AL) are so identified. Programs
not in the AL are identified as other federal assistance. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance
which non-federal entities receive or administer in the form of grants, cooperative agreements,
non-cash contributions or donations of property (including donated surplus property), direct
appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and
other assistance, but does not include amounts received as reimbursement for services
rendered to individuals. Because the Schedule presents only a selected portion of the operations of the University of
Northern Iowa, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of the University of Northern Iowa. Type A programs, as defined by Uniform Guidance, are those programs for the University of
Northern Iowa which exceeded $750,000 in federal awards expended during the year ended
June 30, 2023. Basis of Accounting: Expenditures reported on the Schedule are presented 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. Indirect Cost Rate: The University of Northern Iowa uses a federally negotiated indirect cost rate. Grantees: Assistance received directly from the federal government is shown by the grantee receiving the
funds. Assistance received from other entities is so noted.
De Minimis Rate Used: N
Rate Explanation: The University of Northern Iowa uses a federally negotiated indirect cost rate.
Reporting Entity:The reporting entity includes all University of Northern Iowa departments and other entities
included in the University's Annual Comprehensive Financial Report, except for the University
of Northern Iowa Foundation which is a discretely presented component unit. Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal
award activity of the University of Northern Iowa under programs of the federal government for
the year ended June 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). Programs listed in the Assistance Listing (AL) are so identified. Programs
not in the AL are identified as other federal assistance. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance
which non-federal entities receive or administer in the form of grants, cooperative agreements,
non-cash contributions or donations of property (including donated surplus property), direct
appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and
other assistance, but does not include amounts received as reimbursement for services
rendered to individuals. Because the Schedule presents only a selected portion of the operations of the University of
Northern Iowa, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of the University of Northern Iowa. Type A programs, as defined by Uniform Guidance, are those programs for the University of
Northern Iowa which exceeded $750,000 in federal awards expended during the year ended
June 30, 2023. Basis of Accounting: Expenditures reported on the Schedule are presented 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. Indirect Cost Rate: The University of Northern Iowa uses a federally negotiated indirect cost rate. Grantees: Assistance received directly from the federal government is shown by the grantee receiving the
funds. Assistance received from other entities is so noted.
Title: Federally Funded Loan Programs
Accounting Policies: Reporting Entity:The reporting entity includes all University of Northern Iowa departments and other entities
included in the University's Annual Comprehensive Financial Report, except for the University
of Northern Iowa Foundation which is a discretely presented component unit. Basis of Presentation: The accompanying Schedule of Expenditures of Federal Awards (Schedule) includes the federal
award activity of the University of Northern Iowa under programs of the federal government for
the year ended June 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). Programs listed in the Assistance Listing (AL) are so identified. Programs
not in the AL are identified as other federal assistance. In accordance with the Uniform Guidance, federal financial assistance is defined as assistance
which non-federal entities receive or administer in the form of grants, cooperative agreements,
non-cash contributions or donations of property (including donated surplus property), direct
appropriations, food commodities, loans, loan guarantees, interest subsidies, insurance and
other assistance, but does not include amounts received as reimbursement for services
rendered to individuals. Because the Schedule presents only a selected portion of the operations of the University of
Northern Iowa, it is not intended to and does not present the financial position, changes in net
assets, or cash flows of the University of Northern Iowa. Type A programs, as defined by Uniform Guidance, are those programs for the University of
Northern Iowa which exceeded $750,000 in federal awards expended during the year ended
June 30, 2023. Basis of Accounting: Expenditures reported on the Schedule are presented 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. Indirect Cost Rate: The University of Northern Iowa uses a federally negotiated indirect cost rate. Grantees: Assistance received directly from the federal government is shown by the grantee receiving the
funds. Assistance received from other entities is so noted.
De Minimis Rate Used: N
Rate Explanation: The University of Northern Iowa uses a federally negotiated indirect cost rate.
Loan balances, including American Recovery and Reinvestment Act of 2009 (ARRA) related.
balances, of federally funded loan programs at June 30, 2023 were as follows. See the Notes to the SEFA for table.