Notes to SEFA
Title: Reporting Entity
Accounting Policies: The accompanying schedule of expenditures of federal awards is presented using the accrual basis of accounting, which is described in Note 1 to the Organization’s financial statements.
De Minimis Rate Used: N
Rate Explanation: The Organization uses a negotiated indirect rate of 13.1% and 28.5% for the AAE and IELCE programs, respectively.
The accompanying schedule of expenditures of federal awards presents the activity of all federal financial assistance programs of the Organization. The reporting entity is defined in Note 1 to the Organization’s financial statements. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.